The photographer has acknowledged a/his 'debt' to Andy Warhol. [=the photographer has said that his work was influenced by the photographs made by Andy Warhol]
banks with millions of dollars of 'bad debt' [=banks that have loaned millions of dollars that will not be repaid]
She's finally paid off her mortgage 'debt'. [=the money that she owed the bank to pay for her house]
(..) Spike ! You couldn't help me with an incredibly important decision, could you ? lmportant compared to, let's say, whether they cancel Third World debt ? That's right. l am at last going out on a date with the great Janine, and l just wanna be sure l've picked the right T-shirt. (..)1999 Notting Hill