What does "indebtedness" mean?

State of owing money; being in debt.

Indebtedness

Common synonyms include: liability, obligation, accounts payable, accounts receivable, amount due, arrearage.

noun

noun ·4 syllables ·Uncommon ·Advanced level

Noun

1
State of owing money; being in debt. uncountable, usually
"Near-synonym: debtorship"
2
a personal relation in which one is indebted for a service or favor wordnet
3
The state of owing something or being under obligation to someone. uncountable, usually
"Near-synonym: debtorship"
4
an obligation to pay money to another party wordnet
5
The amount owed. uncountable, usually

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"Favors should be done freely and not out of a sense of indebtedness."

From indebted + -ness.