Noun: indebtedness in'de-tid-nus
- An obligation to pay money to another party
"The company's indebtedness exceeded its assets";
- liability, financial obligation
- A personal relation in which one is indebted for a service or favour
"He felt a sense of indebtedness to his mentor for years of guidance";
- obligation
Type of: obligation, personal relation, personal relationship
Encyclopedia: Indebtedness