A debt limit which is set by Congress and determines the absolute amount of federal debt the United States can hold.

The US Governments borrowing limit.

when your so bored with life that you just spend money to make your life seem more exciting.

when someone gets you a gift, you are in gift debt to them. it makes you seem rude if you get a gift from them and give them nothing

Incurred by opting to do something the quick and dirty way rather than following the best practice and standard practice for the sake of obtaining a working solution in less time

You are officially on a debt diet when you repitdly use phrase "Given the state of the economy...." or even simpler "I can't go out, I'm fucking broke."

Your budget constrains you to the essentials: Gas, Food, Weed. You have even backed off the dollar menu, because lets face it, even chicken nuggets are $1.19 at Wendy's now, and they charge for extra bbq sauce.

You have been reduced to eating salad, cold cuts and cereal, and live for free bagel Monday's at work.

Cigs? Forget it, you look for 2nd hand smoke.

You break down everything you do into dollar and cents.

A Person who puts off paying their bills.

Necro (pronounced Nekro) is from the greek/latin word for death. Merchant as in a person who sells. Put together, it means a seller of death. The first known use of this is in the Ten Minute Opera 'The Necromerchants Debt" written by Terrence Zdunich, the creator of the cult classic 'Repo! The Genetic Opera'. The Necromerchants Debt was the original inspiration for Repo! and some of it's songs became the basis for Repo! One such case would be with The Necromerchant's Debt song, Anno Domini (meaning year of the lord) turned into 21st century Cure. The character who sings both song is a Necromerchant or more commonly know as The Graverobber played by Terrence Zdunich in both cases.