Similar to "tech debt", accounting debt is incurred when accounting departments take shortcuts either at the start of a companies life or during a busy period. These shortcuts then have to be "paid off" (i.e. corrected) by that same department or a third party at a later date. This phrase was coined by accountant Matthew R Williams, ACA in New York City on 23-Jun-22.
We could simply transfer the money now and sort out the loan agreements at a later date. We have to be conscious though that this would be adding to the departments existing accounting debt.
by Rob717 June 23, 2022
Get the Accounting Debtmug. A conspicuous consumer who laments he/she "can't" pay his/her student loan or utility bills while headed out for a case of bottled water, carton of smokes, concert ticket or tattoo, etc. The thought of economizing or getting a second job to pay off debt is wholly repugnant. Much more attractive options for this type of person are federally mandated loan forgiveness, Go Fund Me campaigns, or even bankruptcy.
She spendshuge amounts on designer clothes, gourmet foods, etc., then complains she can't pay her rent. She's always looking for a way to get others to pay her bills--she's a true PSDD (Perrier sipping/swilling debt dodger)!!
by Travelingmankc April 1, 2021
Get the PSDD (Perrier Sipping/Swilling Debt Dodger)mug. Hym "Because I have DEBT COLLECTORS and these niggas talk'm bout some 'would you like to set up a payment.' NO BITCH! I do not. I don't have any fucking money. So no. And the buzzer to my apartment doesn't work either. You need to make a concerted effort to reach me. I communicate by way of mail, text, and YouTube bitch. That is all. Dms on Facebook."
by Hym Iam September 2, 2025
Get the Debt collectorsmug. by Castro/Bautista RKA December 15, 2018
Get the Debtmug. when you lose a bet, you enter bet debt.
Everyone starts at 0 and if you win you go up +1 but if you lose you go -1. If you continue to lose, you continue going negative. If you win you subtract from your bet dent and go positive.
Everyone starts at 0 and if you win you go up +1 but if you lose you go -1. If you continue to lose, you continue going negative. If you win you subtract from your bet dent and go positive.
by twarfare November 8, 2020
Get the Bet-Debtmug. The principle and/or an unspoken code in which a person performs a task or favor for another person, that results in debt that can only be repaid with anal sex.
Emilia: Thanks for the ride to the bank, but I have no money to pay you.
Winston: If you can't pay me, you are in anal debt to me!
Winston: If you can't pay me, you are in anal debt to me!
by Evan? December 25, 2015
Get the Anal Debtmug. a person who bounces his debt on any other people (even not related people) to avoid his own debt responsibilities ,
usually they insist other person has the money and will give it back
these type of people are usually absolute loosers in life in general and owe money to everyone, so they borrow money from other people to give their old debts back and they are always stuck in a debt circle and lies
usually they insist other person has the money and will give it back
these type of people are usually absolute loosers in life in general and owe money to everyone, so they borrow money from other people to give their old debts back and they are always stuck in a debt circle and lies
a: hey jack, do you have that 50 you owe me ?
j: oh yes yes, tommy owes me 50, you can take it from him
a: i dont know tommy is, stop bouncing your debts bitch
a: hey tommi, jack said you owe him 50, he owes me so you can give it to me
t: ah fuck, jack is a debt bouncer dont trust him, i gave the cash to him last week
j: oh yes yes, tommy owes me 50, you can take it from him
a: i dont know tommy is, stop bouncing your debts bitch
a: hey tommi, jack said you owe him 50, he owes me so you can give it to me
t: ah fuck, jack is a debt bouncer dont trust him, i gave the cash to him last week
by ArnieeeK March 2, 2017
Get the debt bouncermug.