When you're indebted to someone, you owe that person something. It could be that you owe money, or it could be you're just grateful for a nice thing the person did. ... You might be indebted to your credit card company, meaning you owe them money.

What does it mean if someone is indebted?

1 : owing gratitude or recognition to another : beholden. 2 : owing money.

What is indebtedness in a sentence?

1. an obligation to pay money to another party 2. a personal relation in which one is indebted for a service or favor. 1, Mortimer recounted his indebtedness to her in his autobiography. 2, The company has reduced its indebtedness to just $15 million.