Personal Finance Basics

noun the state of owing money or being under obligation to someone

• The company's indebtedness to its creditors is currently under review.
• I never realized the extent of my financial indebtedness until I started budgeting.
• I'm in deep with my indebtedness, I need to start paying off my debts.
• Her emotional indebtedness to her mentor was evident in her heartfelt speech.

noun a substance used to enhance flavor or preserve food

adverb in a secretive or hidden manner

• He decided to salt away a portion of his salary each month for retirement.
• She's been salting away money in her piggy bank for a rainy day.
• I always salt away some cash in my sock drawer for emergencies.
• It's important to salt away memories of happy times to cherish in the future.