An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms. Use debt in a sentence.
Answers.comÂ® WikiAnswersÂ® Categories Sports Basketball National Basketball Association (NBA) Boston Celtics Who was the first owner of the Boston Celtics?
Bertram M. Lee and Peter C.B. Bynoe sign an agreement to purchase the Denver Nuggets NBA team. They become the first African American owners of a professional basketball team. 1  Send First African American NBA owners to a Friend.  Printable Page.