Debt

Meaning

Debt is money that you’ve borrowed from someone and that you have to repay. It can be borrowed from an individual, a business, or a bank.

Key points

• Debt appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, debt is used to keep invoice and payment operations structured and auditable.