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debt Definition

–noun
1. something that is owed or that one is bound to pay to or perform for another: a debt of $50.
2. a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
3. the condition of being under such an obligation: His gambling losses put him deeply in debt.
4. Theology. an offense requiring reparation; a sin; a trespass.

From Dictionary

consolidation Definition

–noun
1. an act or instance of consolidating; the state of being consolidated; unification: consolidation of companies.
2. solidification; strengthening: consolidation of principles and beliefs.
3. something that is or has been consolidated; a consolidated whole.
4. Law.
a. a statutory combination of two or more corporations.
b. the union of two or more claims or actions at law for trial or appeal.
5. (initial capital letter) a steam locomotive having a two-wheeled front truck, eight driving wheels, and no rear truck.
6. Pathology. the process of becoming solid, as changing of lung tissue from aerated and elastic to firm in certain diseases.
7. Geology. lithification.

From Dictionary

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