(a) a debt due to the Crown, having preference over all other debts; (b) a debt owed by the Crown.

Phrases. a debt that cannot be legally enforced, but depends for its validity on the honour of the debtor; usually applied to debts incurred by…

Unpaid debts owed to the Crown, carried forward from previous years by the Exchequer, and placed in the hands of the incoming sheriff for…

a debt for the payment of which a judgment has been given.

A large debt acquired gradually.

a potential financial liability; (Accounting) a future financial liability which may only arise in specific circumstances or is difficult to…

Banking. A debt with a bank which arises when more money is drawn from an account than the account holds; a bank's authorization for an…

a debt due to be paid to creditors within twelve months of the balance-sheet date; frequently in plural; cf. capital liability n. at capital, adj. n.2…

Things that may be received or accepted; spec. (short-term) debts owed to a business, esp. regarded as assets. Cf. payables, n.

a debt incurred by a person while under age.

the potential indebtedness that occurs when the value of an asset falls below the amount of the debt outstanding on it, as when the outstanding debt…

any of a set of liabilities against which a bank or other financial institution is required to hold a specified percentage of reserve assets…