There are multiple definitions - click on the translation that matches your context.

Verbindlichkeit

Substantiv

full

debt

noun

Definitions of debt

something, especially money, that is owed to someone else; something that one (debtor) is bound to pay to or perform for another; obligations or liabilities; something to pay or render; an obligation to pay a sum or money or an amount in goods or services to another party; the state of owing something

The average amount of debt of those seeking help from debt advisors increased by 16% to £18,131.