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]
(..) He needs me! Let me go! Donkey! Puss! Go! Go! Your lady needs you! Go! Today, I repay my debt. On guard! # He's gotta be strong And he's gotta be fast # And he's gotta be fresh From the fight (..)2004 Shrek 2