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?
Michael Jordan Becomes Majority Owner of Charlotte Bobcats. Hall of Famer and six-time NBA champion Michael Jordan is now majority owner of the Charlotte Bobcats. According to ESPN, the NBA Board of Governors approved Jordan's $275 million purchase of the team on Wednesday. MJ has been serving as a minority investor with final say on basketball decisions since 2006, and he will now take over the team from former owner Bob Johnson.