1. owing more money than one can reasonably pay back; burdened with excessive debt
Usage: often used in financial or economic contexts; can describe individuals, households, or countries

Examples

• Many overindebted households struggle to meet their monthly loan payments.
• The country became overindebted after years of excessive government spending.
• Overindebted consumers often seek help from credit counseling services.
• Banks are cautious about lending to overindebted borrowers.
• Young adults sometimes find themselves overindebted due to student loans and credit card use.
• The financial crisis left millions of families overindebted and facing foreclosure.