debt collector 

the person who uses force to collect on an unpaid debt.

to collect on a gambling debt

debt collector by sue Panek November 16, 2003

debt it 

A term used in place of 'forget it' or 'don't worry about it'. Popularised in UK hip hop/slang culture.

Just say you regret it, and we can just debt it.
Dude, that was a long time ago; just debt it.

debt it by daniel-daniel-daniel March 20, 2019

debt money 

Money that is borrowed, or money that has a negative value, as with an invoice or bill but with a facade of having inherent tangible value.

$USD currency is debt money.

debt money by Jon Davis January 14, 2004

Debt Fairies 

Used in conjuction with City of Heroes/City of Villans MMORPG's. The debt fairy is a mythical creature that listens for phrases similar to 'Yay, no more debt'
(Lost experience points in City of ...);
at this point it magically changes the next encounter to one where you will die instantly; thus accumulating more debt.

There have been no confirmed sightings of these creatures, but most players know they exist.

Plant Thing : Finally, that debts gone.
Plant Thing : ARRRRRRRGHHH!
Bromide : Problems?
Plant Thing : Bloody Debt Fairies!

Debt Fairies by Silver Weasel July 31, 2008

debt relief 

divorcing one's wife or dumping one's girlfriend in order to get out of debt due the overspending of one's girl friend

Guy 1: Dude i got debt relief yesterday.
Guy 2: You are in debt?
Guy 1: Yea my girl friend was bleeding me dry so i dumped her.

debt relief by OnlySlightly July 21, 2010

Debt Parking

Debt parking is when friends or extended family ask to use your home's address to have their bank/credit card statements sent to. And also any other debts they want to dump. They then max their cards to the hilt and do a runner, leaving the debt collectors and bailiffs knocking on your door demanding the money!

Leyton: Man, remember that dude Rick?

Mike: Who, dat div you let stay at your den a few months ago?

Leyton: Yeh man, next time I see him he's gonna get smoked for sure.

Mike: Why? Whad'de do?

Leyton: He parked his debts here and last night I had da Mafia kicking down ma door!

Mike: Ah man, debt parking sucks!

Debt Parking by Johnnyawb March 19, 2007

debt-o-matic

The machine used to create the national debt and by design was invented to punch through the debt ceiling with impunity.

"Dude - I thought it was Congress and the President making us broke. I came to find out it is the debt-o-matic device invented by our large number of entitled citizens!! Man, what a team . . .

debt-o-matic by Contracts God December 18, 2012