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owing nothing

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See: solvent


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95 Paperback HJ8011 When an anonymous English pamphleteer wrote in 1719 that he preferred "a free Nation deep in Debt, rather than a Nation of Slaves owing Nothing," he was, according to MacDonald (a former investment banker from Oxford, England) expressing the emerging idea that there was a connection between political freedom and public debt.
There is a lot to be said for the proud attitude, often heard on the lips of the poorer people of an older generation, of paying one's debts and owing nothing to nobody.
Depending on the exact nature of their agreements they may have been able to hand the cars back anyway, owing nothing if they had paid half the agreement.
 
 
 
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