The word debt means; To promise to pay later for already handed over goods.


To promise to pay back the bank a sum of money which is borrowed with interest. 

Spending money and buying products with the money that one does not have.

Living beyond the means of one’s income. 

A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in western society, this includes repayment of the original sum, plus interest.

In the western and modern society, debt is also used by the money lenders as system to own, to control, to rule over and to take a way the human rights of those that borrow from them. See also the article called Debt bondage

Debt in the biblical ancient days:

In the biblical ancient days, debts or loans were given by the lender to the borrower for the sake of helping the borrower, so that he/she may be able to come out of the state of poverty. 

These loans were also payed back with out interest rate, because interest (usury) was forbidden in the bible according to the hebrew culture.

Through the borrowed money, the borrower was put into the state of responsibility, working hard to pay back what he had borrowed.

The mechanism of debt was used as tool to bring people out of the state of laziness and poverty, so that they may begin to work hard for the existence of their lives.

During the year of jubilee or season of Jubilee -month of Tishrei, (every after a period seven years or fifty years on the Hebrew calendar), all debts were canceled, (every lender had to forgive and let go of every debt that was due to be payed by his borrowers) as described in the book of Leviticus 25:8-11.

This article was taken from www.Ngabo.org/written by Apostle Ngabo.