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noun 
  1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
    • 1589, w:William_Shakespeare, William Shakespeare, Henry IV, Part I, act 1, sc. 3,
    • :Revenge the jeering and disdain'd contempt
    • :Of this proud king, who studies day and night
    • :To answer all the he owes to you
    • :Even with the bloody payment of your deaths.
    • 1850, w:Nathaniel_Hawthorne, Nathaniel Hawthorne, The Scarlet Letter, ch. 14,
    • :This long of confidence, due from me to him, whose bane and ruin I have been, shall at length be paid.
      1. The state or condition of owing something to another.
      ''I am in your .
      1. 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.
    • 1919, w:Upton_Sinclair, Upton Sinclair, Jimmie Higgins, ch. 15,
    • :Bolsheviki had repudiated the four-billion-dollar which the government of the Tsar had contracted with the bankers.
Translations: 
    Etymology: From dete (French: dette), from debitam. A common English misspelling includes an unpronounced "b", which is an archaicism from the Latin "debitum".

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