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Debt vs Redeem - What's the difference?

debt | redeem |

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 a verb redeem is

to recover ownership of something by buying it back.

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

    redeem

    English

    Verb

    (en verb)
  • To recover ownership of something by buying it back.
  • To liberate by payment of a ransom.
  • To set free by force.
  • To save, rescue
  • To clear, release from debt or blame
  • To expiate, atone (for ...)
  • (finance) To convert (some bond or security) into cash
  • To save from a state of sin (and from its consequences).
  • To repair, restore
  • To reform, change (for the better)
  • To restore the reputation or honour of oneself or something.
  • (archaic) To reclaim
  • Synonyms

    * (recover ownership) buy back, repurchase

    Antonyms

    * abandon

    Derived terms

    * redeem oneself * redeemable * redeemably * redeemer * unredeemable * unredeemably * unredeemed