tvam -- you; tu -- but; adya -- now; muktah -- freed; dvabhyam -- from two (of the debts); vai -- certainly; rishi -- to the sages; pitroh -- and to the forefathers; maha-mate -- O generous one; yajnaih -- by Vedic sacrifices; deva -- to the demigods; rinam -- from the debt; unmucya -- relieving yourself; nirrinah -- without debt; asaranah -- without material shelter; bhava -- become.

But you, O magnanimous soul, are already free from two of your debts -- those to the sages and the forefathers. Now absolve yourself of your debt to the demigods by executing Vedic sacrifices, and in this way free yourself completely of debt and renounce all material shelter.