An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another. (noun)
The state or condition of owing something to another. (noun)
Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction. (noun)
Examples of word debt
When many Americans hear the term "debt ceiling," they compare it to the limit placed on their credit cards.
Our term debt maturity schedule including amortization and taking account of the $28 million revolver that matures in 2012 is now as follows; in 2011, $28 million; 2012, $153 million; 2013, $165 million and thereafter $357 million.
Using the term debt and $9.5 million (AUS$9.0 million) of revolver, combined with our cash of $1.6 million (AUS$1.5 million), we paid off our $105.8 million (AUS$100.5 million) of outstanding BOSI debt.
Keep in mind during the second quarter we utilized about $12.3 million of cash for principal payments on a term debt and about $15.5 million for capital expenditures and capital expenditures included about $5.5 million for corn oil extraction facilities and $3.7 million for progress payments for our grain storage projects.
Other income and expense in the quarter was a net expense of $17.1 million, approximately $4 million better than the original guidance for Q3, reflecting the lower interest rate on our term debt and the associated lower amortization of issuance costs and debt discount.