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.
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The Boston Celtics have won 17 NBA championships, more than any team in history, and are one of three teams still active from the birth of the NBA. Apr 24, 2016; Boston, MA, USA; A general view of TD Garden prior to the first round of the NBA Playoffs between the Boston Celtics and Atlanta Hawks. Mandatory Credit: Bob DeChiara-USA TODAY Sports No franchise in NBA history has more championships than the 17 won by the Boston Celtics and just about everything positive in the franchise history began April 27, 1950. That was the day Red Auerbach was hired as the teamâs head coach and general manager.