Credit vs. Debit

Creditverb

(transitive) To believe; to put credence in.

Creditverb

To add to an account (confer debit.)

Creditverb

(transitive) To acknowledge the contribution of.

Creditverb

(transitive) To bring honour or repute upon; to do credit to; to raise the estimation of.

Creditnoun

Reliance on the truth of something said or done; faith; trust.

Creditnoun

(uncountable) Recognition and respect.

Creditnoun

(countable) Acknowledgement of a contribution, especially in the performing arts.

Creditnoun

Written titles and other information about the TV program or movie shown at the beginning and/or end of the TV program or movie.

Creditnoun

A privilege of delayed payment extended to a buyer or borrower on the seller's or lender's belief that what is given will be repaid.

Creditnoun

The time given for payment for something sold on trust.

Creditnoun

A person's credit rating or creditworthiness, as represented by their history of borrowing and repayment (or non payment).

Creditnoun

(accounting) An addition to certain accounts.

Creditnoun

(tax accounting) A reduction in taxes owed, or a refund for excess taxes paid.

Creditnoun

A source of value, distinction or honour.

Creditnoun

An arbitrary unit of value, used in many token economies.

Creditnoun

(uncountable) Recognition for having taken a course (class).

Creditnoun

(countable) A course credit, a credit hour – used as measure if enough courses have been taken for graduation.

Creditnoun

Reliance on the truth of something said or done; belief; faith; trust; confidence.

Creditnoun

Reputation derived from the confidence of others; esteem; honor; good name; estimation.

Creditnoun

A ground of, or title to, belief or confidence; authority derived from character or reputation.

Creditnoun

That which tends to procure, or add to, reputation or esteem; an honor.

Creditnoun

Influence derived from the good opinion, confidence, or favor of others; interest.

Creditnoun

Trust given or received; expectation of future playment for property transferred, or of fulfillment or promises given; mercantile reputation entitling one to be trusted; - applied to individuals, corporations, communities, or nations; as, to buy goods on credit.

Creditnoun

The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.

Creditnoun

The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items; - the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B.

Creditverb

To confide in the truth of; to give credence to; to put trust in; to believe.

Creditverb

To bring honor or repute upon; to do credit to; to raise the estimation of.

Creditverb

To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond.

Creditnoun

approval;

Creditnoun

money available for a client to borrow

Creditnoun

an accounting entry acknowledging income or capital items

Creditnoun

used in the phrase `to your credit' in order to indicate an achievement deserving praise;

Creditnoun

arrangement for deferred payment for goods and services

Creditnoun

recognition by a college or university that a course of studies has been successfully completed; typically measured in semester hours

Creditnoun

a short note recognizing a source of information or of a quoted passage;

Creditnoun

an entry on a list of persons who contributed to a film or written work

Creditverb

give someone credit for something;

Creditverb

give credit for;

Creditverb

accounting: enter as credit;

Creditverb

have trust in; trust in the truth or veracity of

Credit

Credit (from Latin credit, ) is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.

Debitnoun

In bookkeeping, an entry in the left hand column of an account.

Debitnoun

A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

Debitverb

To make an entry on the debit side of an account.

Debitverb

To record a receivable in the bookkeeping.

Debitadjective

of or relating to process of taking money from an account

Debitadjective

of or relating to the debit card function of a debit card rather than its often available credit card function

Debitnoun

A debt; an entry on the debtor (Dr.) side of an account; - mostly used adjectively; as, the debit side of an account.

Debitverb

To charge with debt; - the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.

Debitverb

To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

Debitnoun

an accounting entry acknowledging sums that are owing

Debitverb

enter as debit