Indebting
Indebting describes the act of acquiring a debt or becoming obligated to another party, typically involving the borrowing of money or incurring of a financial liability. It can also refer to creating a sense of obligation or gratitude. This process often carries implications of future repayment, service, or responsibility. The extent of the obligation and the terms of fulfillment can vary greatly depending on the context and the agreement between the parties involved. It fundamentally signifies the creation of a financial or moral bond based on a commitment to reciprocate.
Indebting meaning with examples
- The company, facing expansion costs, began indebting itself through a series of bank loans to finance the new factory. These debts required careful financial management, including stringent cost controls and increased revenue generation. Success depended on the company's ability to service the loans through profits.
- He was indebting his family by taking out a second mortgage on their home to cover his medical expenses, however, he felt he had no other option. The financial burden, while significant, was secondary to his need to provide for his family. It became his focus to find a means to pay this debt back.
- The philanthropist was indebting the local community with his generous donation to the library, ensuring their future was bright. Locals would often hold events and gatherings that they would dedicate to the philanthropist. The gratitude, though unstated, was a strong emotional factor.
- Through his acts of kindness, the volunteer was indebting the residents of the shelter to him, and creating a mutual sense of respect. He helped the homeless residents find jobs. He was always generous with his time. His reward was the sense of satisfaction.
- The student was indebting herself to the university with her student loans. It placed a future financial burden on her. To pay this debt, she found two part-time jobs, but still felt a burden. The need for careful budgeting and management was her reality.
