settle a debt

Definitions

To pay the full amount of money owed to a creditor.

To resolve an outstanding financial obligation through payment or agreement.

Examples

He worked extra shifts all summer to finally settle a debt he owed to his brother.

The company agreed to pay a lump sum to settle a debt that had been outstanding for over three years.

Synonyms

Pay off a balance Clear an outstanding debt Square up accounts Liquidate a liability Discharge a financial obligation

Antonyms

Default on a payment Incur new debt Reneging on an obligation Accumulate unpaid bills Leave a balance outstanding