What is another word for admitting indebtedness?
Pronunciation: [ɐdmˈɪtɪŋ ˌɪndˈɛtɪdnəs] (IPA) 
"Admitting indebtedness" refers to the action of acknowledging that one owes money to another person or entity. There are several synonyms that can be used to express this idea, including "confessing a debt," "recognizing an obligation," "acknowledging a liability," and "accepting financial responsibility." Each of these phrases has a slightly different connotation, but they all convey the same basic concept of admitting that one owes money to someone else. It's important to use clear and precise language when discussing financial matters, and these synonyms can help to ensure that everyone is on the same page about the nature of the debt in question.
