wet debt

Being in debt so much, that it is hard to meet it, which makes you sweat. Hence, it becomes a wet debt.

Harry is in a wet debt, because he is unable to make ends meet as he lost his job.

by Vipansh November 28, 2013

debt bet

A bet you make rashly to pay off someone or something.

This is a debt bet, but think of how awesome it would be to have no debts of any kind anymore!

by Ereck Flowers November 14, 2018

year debt

Taken from the phrase year dot, year debt refers to a year when you've got lots of debt to pay back, especially after having a merry cashmas.

Man I had a fabulous Cashmas, but now I'm back to year debt!

by Little Computer Nerd December 19, 2009

Anal Debt

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!

by Evan? October 28, 2015

life's debt

The opposite of a life's savings. Its when you acquire lots of credit card debt, car loan, students loans and are financially inept.

Jack spent his life buying what he wanted with no impulse control and built up his life's debt.

by chipworthington October 18, 2016

Moon-debt

When the debt seems small presently but is actually huge in the long-run.

Bro, I didn't know I was in a moon-debt until yesterday.

by thehungryshubham July 29, 2020

slap debt

When someone wins a slap bet but has yet to deliver the slap. This may be due to a desire to strategically time the slap or, more commonly, the lack of fortitude to strike a fellow human being.

"Dude, I heard you lost a slap bet to Tracie last week! That must have hurt!"

"Naw, she still owes me a slap debt. She doesn't have it in her."

by Obey The Hypnotoad February 19, 2014