Yes. In the case of debt, that somebody or something is being financed by the future.
What does this mean? Someone builds a house and has their livelihood provided for while they do it. Once the house exists, it can be used for shelter. Money is imaginary. What is "financed by the future" and what does it mean?
It means that money is worthless unless it can eventually be converted into goods and services that you want. Debt means "money now, goods and services in the future". But what happens when you arrive in the future - as inevitably you will - and those things aren't there?
Student loans. That's what "financed by the future" means.
It kind-of is magic - that is how money gets created.