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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

Reduction Definition

–noun
1.the act of reducing or the state of being reduced.
2.the amount by which something is reduced or diminished.
3.a form produced by reducing; a copy on a smaller scale.
4.Cell Biology. meiosis, esp. the first meiotic cell division in which the chromosome number is reduced by half.
5.Chemistry. the process or result of reducing.
6.Movies. the process of making a print of a narrower gauge from a print of a wider gauge: the reduction of 35-mm films to 16-mm for the school market.
7.a village or settlement of Indians in South America established and governed by Spanish Jesuit missionaries.
From Dictionary

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