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Debt vs Irredeemable - What's the difference?

debt | irredeemable |

As a noun debt

is an action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

As an adjective irredeemable is

not redeemable; not able to be restored, recovered, revoked, or escaped.

debt

English

(wikipedia debt)

Alternative forms

* (l) (obsolete)

Noun

(en noun)
  • An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
  • * 1589 , (William Shakespeare), Henry IV, Part I , act 1, sc. 3,
    • Revenge the jeering and disdain'd contempt
    Of this proud king, who studies day and night
    To answer all the debt he owes to you
    Even with the bloody payment of your deaths.
  • * 1850 , (Nathaniel Hawthorne), (The Scarlet Letter) , ch. 14,
    • This long debt of confidence, due from me to him, whose bane and ruin I have been, shall at length be paid.
  • The state or condition of owing something to another.
  • Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.
  • * 1919 , (Upton Sinclair), Jimmie Higgins , ch. 15,
    • Bolsheviki had repudiated the four-billion-dollar debt which the government of the Tsar had contracted with the bankers.
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=70, magazine=(The Economist)
    • , title= Engineers of a different kind , passage=Private-equity nabobs bristle at being dubbed mere financiers. Piling debt onto companies’ balance-sheets is only a small part of what leveraged buy-outs are about, they insist. Improving the workings of the businesses they take over is just as core to their calling, if not more so. Much of their pleading is public-relations bluster.}}
  • (legal) An action at law to recover a certain specified sum of money alleged to be due.
    • (Burrill)

    Derived terms

    * bad debt * debt exchange * debt-equity ratio * debt-laden * debt of honor * domestic debt * external debt * foreign debt * in debt * national debt * technical debt

    Related terms

    * debit * debitor * debtor * indebted

    External links

    * *

    irredeemable

    English

    Adjective

    (head)
  • Not redeemable; not able to be restored, recovered, revoked, or escaped.
  • * 1908 , :
    • It wavered an instant—then there was a heartrending crash—and the canary-coloured cart, their pride and their joy, lay on its side in the ditch, an irredeemable wreck.
  • * 1909 , , True Tilda , ch. 2:
    • She was horribly frightened; but she had pledged her word now, and it was irredeemable .
  • Not able to be cancelled by a payment or converted to another form of currency or financial instrument, especially one considered more secure or reliable.
  • * 1776 , , The Wealth of Nations , ch. 3:
    • The subscribers to a new loan, who mean generally to sell their subscription as soon as possible, prefer greatly a perpetual annuity, redeemable by parliament, to an irredeemable annuity, for a long term of years, of only equal amount.
  • * 2005 Oct. 31, James Grant, " O Sage! O Confidence Man!," Forbes (retrieved 17 Aug 2010):
    • Investors have always had to trust somebody or something. . . . But they have not always had to make a leap of faith about a nation's irredeemable paper currency. Up until Aug. 15, 1971 the dollar was exchangeable into gold at the rate of $35 to the ounce.

    Synonyms

    * unredeemable

    References

    * *