1 definition by Jim Notter

To owe someone a large sum of money and agree to only pay them over an ridiculous amount of time. Derived from Broward School's superintendent Robert Runcie who owes high school teachers 40 million dollars and wants to pay them over a 20 year period.
Dave is pissed because Darren runcied his ass. He lost a $100 bet and is giving him 10 cents a week until he pays it off.
by Jim Notter September 4, 2013
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