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    in·debt·ed·ness
    [inˈdedədnəs]
    noun
    indebtedness (noun)
    1. the condition of owing money:
      "the industry is taking steps to reduce indebtedness and cut costs"
      • the feeling of owing gratitude for a service or favor:
        "I wish to express my indebtedness to my parents for all they have done"
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