Meaning of the word indebtedness in English

What does indebtedness mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

indebtedness

US /ɪnˈdet̬.ɪd.nəs/
UK /ɪnˈdet.ɪd.nəs/

Noun

1.

the state of being in debt

Example:
The country's national indebtedness has reached an alarming level.
Many students face significant indebtedness after graduation.
2.

a feeling of gratitude for a favor or service received

Example:
I feel a deep sense of indebtedness to my mentors for their guidance.
Her act of kindness created a lasting sense of indebtedness in him.