indebtedness


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in·debt·ed·ness

 (ĭn-dĕt′ĭd-nĭs)
n.
1. The state of being indebted.
2. Something owed to another.

indebtedness

(ɪnˈdɛtɪdnɪs)
n
1. the state of being indebted
2. the total of a person's debts

in•debt•ed•ness

(ɪnˈdɛt ɪd nɪs)

n.
1. the state of being indebted.
2. something owed.
[1640–50]

Indebtedness

 

(See also POVERTY.)

in the hole In debt; in financial difficulties. The story behind this U.S. slang expression has to do with proprietors in gambling houses taking an amount of money out of the pots as a percentage due the “house.” When money must be paid up, one “goes to the hole” with a check. The “hole” is a slot cut in the middle of the poker table leading to a locked compartment below. All the checks “in the hole” become the property of the keeper of the place. The gamblers’ losses were the keeper’s gain. In the hole has been popular since the 1890s, although put [someone] in the hole ‘to swindle or defraud’ dates from the early 1800s.

How in the world did you manage to get in the hole for a sum like that? (P. G. Wodehouse, Uncle Fred in Springtime, 1939)

in the ketchup Operating at a deficit; in debt; failing to show a profit. Ketchup is a more graphic term than red but the meaning of in the ketchup is synonymous with in the red. The former, a slang expression of U.S. origin, dates from the mid-1900s.

Ridgway … has wound up in the ketchup trying to operate a gym. (Dan Parker, Daily Mirror, September 11, 1949)

in the red Operating at a deficit; in debt. This 20th-century colloquial Americanism is so called from the bookkeeping practice of entering debits in red ink. The opposite out of the red ‘out of debt’ (or in the black) is also current.

Rigid enforcement of economies in running expenses will lift the club’s balance sheet out of the red where it now is. (Mazama, June 1, 1948)

lame duck See INEFFECTUALITY.

lose one’s shirt See FAILURE.

on the rocks Ruined, especially financially; hence, bankrupt, destitute. The concept, but no record of the actual phrase, dates from the days when a merchant’s wealth depended on the safety of ships at sea. Shipwreck—or going on the rocks—meant financial disaster. In Shakespeare’s Merchant of Venice, Salarino asks Antonio:

Should I … not bethink me
straight of dangerous rocks,
Which touching but my gentle vessel’s side
Would scatter all her spices on the stream,
Enrobe the roaring waters with my silks—
And, in a word, but even now worth this,
And now worth nothing? (I, i)

over one’s head See PREDICAMENT.

take a bath See FAILURE.

washed out See FAILURE.

ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.indebtedness - an obligation to pay money to another party
limited liability - the liability of a firm's owners for no more than the capital they have invested in the firm
obligation - the state of being obligated to do or pay something; "he is under an obligation to finish the job"
debt - the state of owing something (especially money); "he is badly in debt"
arrears - the state of being behind in payments; "an account in arrears"
account payable, payable - a liability account showing how much is owed for goods and services purchased on credit; "the problem was to match receivables and payables in the same currency"
scot and lot - obligations of all kinds taken as a whole
2.indebtedness - a personal relation in which one is indebted for a service or favor
personal relation, personal relationship - a relation between persons

indebtedness

noun
1. A condition of owing something to another:
2. Something, such as money, owed by one person to another:
Translations
دَيْن، مَدْيونيَّه
zadluženost
gæld
eladósodáslekötelezettség
òaî aî vera skuldugur
zaviazanosť
minnettarlık

indebtedness

[ɪnˈdetɪdnɪs] N
1. (Fin) → endeudamiento m, deuda f (to con)
2. (fig) → deuda f (to con)

indebtedness

[ɪnˈdɛtɪdnɪs] n
(moral)dette f
(financial)dette f

indebtedness

n (fig)Verpflichtung f(to gegenüber); (Fin) → Verschuldung f; we can see his obvious indebtedness to Matissewir können sehen, dass er Matisse viel zu verdanken hat

indebtedness

[ɪnˈdɛtɪdnɪs] nl'essere in debito (Fin) → indebitamento

indebted

(inˈdetid) adjective
(with to) having reason to be grateful to. I am indebted to you for your help.
inˈdebtedness noun
References in classic literature ?
The last three sentences stung Tom into a fury, and he said to himself that if his father were only alive and in reach of assassination his mother would soon find that he had a very clear notion of the size of his indebtedness to that man, and was willing to pay it up in full, and would do it too, even at risk of his life; but he kept this thought to himself; that was safest in his mother's present state.
Russell had taken many occasions to mention Melville's sea-tales, his interest in them, and his indebtedness to them.
She went to her state-room, and Harvey curled up beside his father, explaining his indebtedness.
He remembered that a cynical compatriot had once told him that American women--the pretty ones, and this gave a largeness to the axiom-- were at once the most exacting in the world and the least endowed with a sense of indebtedness.
He could not tell the history of the loan, but it was more vividly present with him than ever, as well as the fact which the Vicar delicately ignored--that this relation of personal indebtedness to Bulstrode was what he had once been most resolved to avoid.
So I have used them whenever I could find an opportunity, and it is but just that I acknowledge my indebtedness to my little friends.
not indebtedness, but possession; it meant "own," and in the minds of
The railroads, controlling rates, and the bankers and stock exchange gamesters, controlling prices, had long since bled the farmers into indebtedness.
The Tax Court held that, in calculating qualified residence interest, unmarried taxpayers must apply the debt limits for home acquisition and home equity loans to their total joint indebtedness on qualified residences rather than to each of their shares of the indebtedness.
If this interpretation is correct, then a taxpayer who borrows in excess of $1 million to acquire, construct, or substantially improve a qualified residence may not treat the excess above $1 million as home equity indebtedness, because that amount, even though in excess of $1 million, remains acquisition indebtedness.
163(h)(3) limits on the amount of indebtedness that qualifies as acquisition or home equity indebtedness do not apply separately to co-owners of property who are not married.
The remaining $3,227,530 of indebtedness owed to Harman by the Company after giving effect to the transactions described above is evidenced by a new note that 1) renews and extends (but does not extinguish) the Company's indebtedness owing to Harman and 2) reduces the interest rate to 6% per annum, with interest payable monthly in arrears.