Placed under obligation for something received, for which restitution or gratitude is due; as, we are indebted to our parents for their care of us in infancy; indebted to friends for help and encouragement
If you say that you are indebted to someone for something, you mean that you are very grateful to them for something. I am deeply indebted to him for his help. + indebtedness in·debt·ed·ness Mortimer recounted his indebtedness to her in his autobiography
Brought into debt; being under obligation; held to payment or requital; beholden
Indebted countries, organizations, or people are ones that owe money to other countries, organizations, or people. America's treasury secretary identified the most heavily indebted countries. + indebtedness in·debt·ed·ness The company has reduced its indebtedness to just $15 million