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Definition of indebtedness noun from the Oxford Advanced Learner's Dictionary

indebtedness

noun
 
/ɪnˈdetɪdnəs/
 
/ɪnˈdetɪdnəs/
[uncountable]
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  1. indebtedness (to somebody) (formal) the feeling of being grateful to somebody/something for their help, advice, influence, etc.
    • His deep indebtedness to Karen Burton is acknowledged in this book.
  2. the position of owing money to other countries, organizations or people
    • Today we are living in an era of indebtedness.
    • personal/private/corporate indebtedness
See indebtedness in the Oxford Learner's Dictionary of Academic English
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