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]
(..) .. ...and our abiIity to reproduce, aII in the name of the South! .. Do we ever Iose our sense of humor? .. Now, I owe a deep debt of gratitude... .. ...to our friends from across the sea for their comfort... .. ...and kindness. .. (..)1999 Wild Wild West