indebtedness
Definitions
The state of owing money to someone or something.
The condition of being beholden to someone for a service, favor, or gratitude.
Examples
The company is struggling to manage its high level of indebtedness after several years of poor financial performance.
He felt a deep sense of indebtedness to his mentor for the guidance that shaped his entire career.
Synonyms
liability obligation arrears debt encumbrance dues commitment