The term 'not debt-free' can be summarized as OWING money. This means that the person or entity in question has not paid off all of their debts and still owes money to creditors. This could be due to a variety of reasons, such as not having enough money to pay off the debt in full, or simply not having made payments on time. Regardless of the cause, the result is the same: the person or entity is not debt-free.