The Collaborative International Dictionary of English v.0.48:
Debt \Debt\, n. [OE. dette, F. dette, LL. debita, fr. L. debitus
owed, p. p. of debere to owe, prop., to have on loan; de- +
habere to have. See Habit, and cf. Debit, Due.]
1. That which is due from one person to another, whether
money, goods, or services; that which one person is bound
to pay to another, or to perform for his benefit; thing
owed; obligation; liability.
Your son, my lord, has paid a soldier's debt.
When you run in debt, you give to another power over
your liberty. --Franklin.
2. A duty neglected or violated; a fault; a sin; a trespass.
"Forgive us our debts." --Matt. vi. 12.
3. (Law) An action at law to recover a certain specified sum
of money alleged to be due. --Burrill.
Bond debt, Book debt, etc. See under Bond, Book, etc.
Debt of nature, death.