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]
(..) without her mammy. Let's see, my losses for the afternoon come to what? Three hundred and forty. My debts do mount up, don't they, Major? All right, Corporal. Show Captain Butler's sister to his cell. Thank you, Major. Excuse me, gentlemen. It's hard to be strict with a man (..)1939 Gone with the Wind