Debt

A sum of money due by certain and express agreement; an action to recover a certain sum of money, or a sum that can readily be reduced to a certainty. Debt by specialty: a debt due, or acknowledged to be due, by an instrument under seal. Debt by simple contract: a debt or obligation arising upon a contract ascertained by oral evidence, or some written contract not under seal. Debt ex mutuo: a species of debt or obligation which arose ex mutuo, out of a certain kind of loan. Debt of record: a debt witnessed by a judgment or recognizance.