1. Owing gratitude or recognition to another for help or favours etc.
   "She felt indebted to her mentor for guiding her career"
    
2. Under a legal obligation to someone
   "The company was indebted to its creditors for millions of dollars"

1. To put into debt; to place under financial obligation
   "The expensive renovation indebted the homeowners"

See also: obligated

Encyclopedia: Indebted