Owing money or having a debt; under financial obligation to someone.
From 'debt' (money owed) + '-ed'. While 'in debt' is standard, 'debted' appears mainly in specialized financial contexts and older texts.
'Debted' is rarer than 'in debt,' but accountants use it to describe entities with specific financial obligations—a 'heavily debted corporation' sounds more formal than 'heavily in debt.' It's a style choice.
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