The definition of indebtedness is the state of owing something (usually money) to someone, or the total amount owed. ... The condition of owing money to another.

What does indebtedness mean?

1 : the condition of being indebted. 2 : something (such as an amount of money) that is owed.

What is the difference between debt and indebtedness?

As nouns the difference between debt and indebtedness

is that debt is an action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another while indebtedness is state of owing money; being in debt.