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Debt is that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money.

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Another National Debt clock, this one not in Java, with many useful links, and a National Debt FAQ.

debt n. Something owed, such as money, goods, or services. An obligation or liability to pay or render something to someone else

debt - definition of debt - An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment...

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A sum of money that is owed or due to be paid because of an express agreement; a specified sum of money that one person is obligated to pay and that another has the legal right to ...