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]
(..) at different times in his life. This town didn't seem the same now that he was older. A new road had brought the outside world to Spectre... ...and with it, banks, liens and debt. Almost everywhere you looked, people were bankrupt. The auction today is for the town of Spectre. (..)2003 Big Fish