(US, set phrase) An obligation, especially a gambling debt based on a verbal promise, which is not legally enforceable but which is considered to be secured by the debtor's moral integrity.
"I owe this money to Sheridan; it is a debt of honor; if an accident should happen to me, he has nothing to show."
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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