What term refers to the condition of owing more money than is able to be repaid?

The term that refers to the condition of owing more money than can be repaid is "debt." Debt represents a financial obligation where an individual or organization has borrowed money that must be repaid, typically with interest. When liabilities exceed assets, or when one's financial responsibilities surpass their income or available resources, it signifies that they are in debt.

In contrast, income relates to the money received, typically from employment or investments, which does not indicate owing money. Profit refers to the surplus remaining after all costs and expenses have been deducted from revenue, indicating positive financial performance rather than a state of owing money. Surplus denotes an excess of resources or revenue after all obligations have been met, leading to a positive financial standing. Thus, the most accurate term regarding the inability to repay borrowed money is debt.