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Debt  
Level
Associate
'Debt' is money or something else that you have to pay back. It's like a loan you've taken, and you have an obligationa duty or responsibility to repay it to the lenderperson or institution that gives money.
Context
Business
In a business context, 'debt' can refer to loans taken out to finance operationsfund business activities. A CFOChief Financial Officer might say, 'Our debt level is high; we need to focus on reducing it before seeking additional fundingmoney provided.'

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