different between debt vs arrearage
debt
English
Alternative forms
- dette (obsolete)
Etymology
From Middle English dette, dett, borrowed from Old French dete (French dette), from Medieval Latin d?bita, from Latin d?bitum (“what is owed, a debt, a duty”), neuter of d?bitus, perfect passive participle of d?be? (“I owe”), contraction of *dehibe? (“I have from”), from de (“from”) + habe? (“I have”). Doublet of debit.
The unpronounced "b" in the modern English spelling is a Latinisation from the Latin etymon d?bitum.
Pronunciation
- IPA(key): /d?t/
- Rhymes: -?t
- Homophone: death (with th-stopping)
Noun
debt (countable and uncountable, plural debts)
- An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
- The state or condition of owing something to another.
- (finance) 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.
- (law) An action at law to recover a certain specified sum of money alleged to be due.
- (Can we find and add a quotation of Burrill to this entry?)
Derived terms
Related terms
- debit
- debitor
- debtor
- indebted
Translations
See also
- owe
Further reading
- debt in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
- debt in The Century Dictionary, New York, N.Y.: The Century Co., 1911.
Middle English
Noun
debt
- Alternative form of dette
debt From the web:
- what debt to pay off first
- what debts are forgiven at death
- what debts are not discharged in bankruptcy
- what debts are forgiven when you die
- what debt to equity ratio is good
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- what debt ratio for mortgage
- what debts are included in dti
arrearage
English
Etymology
From Middle English arrerage, from Old French arierage (“detriment, legal prejudice”).
Noun
arrearage (countable and uncountable, plural arrearages)
- The condition of being in arrears.
- An item that is in arrears, as periodic payments on a debt or for taxes.
arrearage From the web:
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- what does arrearage mean in child support
- what is arrears in electricity bill
- what is arrearage affidavit
- what is arrearage relief program
- what do arrearage mean
- what does arrearages
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