The Definition of the word Debt
The Mosaic law encouraged the practice of lending (Deut. 15:7; Ps. 37:26; Matt. 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Prov. "28:8; Ezek. 18:8, 13, 17; 22:12; Ps. 15:5). On the Sabbatical" year all pecuniary obligations were cancelled (Deut. 15:1-11). These regulations prevented the accumulation of debt.