Indebtedness

n.	1.	The state of being indebted.
	2.	The sum owed; debts, collectively.

Noun

1.

indebtedness - an obligation to pay money to another party Synonyms: financial obligation, liability

INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421.
     2. But in order to create an indebtedness, there must be an actual liability at the time, either to pay then or at a future time. If, for example, a person were to enter and become surety for another, who enters into a rule of reference, he does not thereby become a debtor to the opposite party until the rendition of the judgment on the award. 1 Mass. 134. See Creditor; Debt; Debtor.

accounts payable, accounts receivable, amount due, arrearage, arrears, bad debts, bankruptcy, bill, bills, borrowing, charges, chits, debt, delinquency, due, dues, failure, financial commitment, floating debt, funded debt, indebtment, insolvency, liability, maturity, national debt, nonpayment, obligation, outstanding debt, pledge, public debt, score, uncollectibles, unfulfilled pledge