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 the only billionaire professional athlete after increasing his ownership stake in the Charlotte Hornets basketball team. 1  Jordan owns 89.5 per cent of the Charlotte Hornets NBA team which is believed to be worth more than $600million.