What's the difference between credit and debit?

Credit


Definition:

  • (n.) Reliance on the truth of something said or done; belief; faith; trust; confidence.
  • (n.) Reputation derived from the confidence of others; esteem; honor; good name; estimation.
  • (n.) A ground of, or title to, belief or confidence; authority derived from character or reputation.
  • (n.) That which tends to procure, or add to, reputation or esteem; an honor.
  • (n.) Influence derived from the good opinion, confidence, or favor of others; interest.
  • (n.) 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.
  • (n.) The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
  • (n.) 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.
  • (v. t.) To confide in the truth of; to give credence to; to put trust in; to believe.
  • (v. t.) To bring honor or repute upon; to do credit to; to raise the estimation of.
  • (v. t.) 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.

Example Sentences:

  • (1) However, used effectively, credit can help you to make the most of your money - so long as you are careful!
  • (2) That is what needs to happen for this company, which started out as a rebellious presence in the business, determined to get credit for its creative visionaries.
  • (3) But the Franco-British spat sparked by Dave's rejection of Angela and Nicolas's cunning plan to save the euro has been given wings by news the US credit agencies may soon strip France of its triple-A rating and is coming along very nicely, thank you. "
  • (4) It could provoke the gravest risk, that all three rating agencies declare a credit event and then there are big contagion risks for other countries," he said.
  • (5) After all, he reminds us, the Smiths can take no credit for the place, having only been born and brought up there, not responsible for its size and stature.
  • (6) Cape no longer has the monopoly on talent; the stars are scattered these days, and Franklin's "fantastically discriminating" deputy Robin Robertson can take credit for many recent triumphs, including their most recent Booker winner, Anne Enright.
  • (7) In the UK, George Osborne used this to his advantage, claiming "Britain faces the disaster of having its international credit rating downgraded" even after Moody's ranked UK debt as "resilient".
  • (8) What about the "credit easing" George Osborne announced in his conference speech?
  • (9) Markets reacted calmly on Friday to the downgrade by Moody's of 16 European and US banks, with share prices steady after the reduction in credit ratings, which can push up the cost of borrowing for banks which they could pass on to customers.
  • (10) Not even housebuilders are entirely happy, although recent government policies such as Help to Buy and the encouragement of easy credit have helped their share prices rise.
  • (11) Top 10 Arpad Cseh Senior investment director, UBS Alice La Trobe Weston Executive director, head of European credit research, MSIM Morgan Stanley Katie Garrett Executive director, senior engineer, Goldman Sachs Alix Ainsley, Charlotte Cherry H R director, group operations (job share), Lloyds Banking Group Matt Dawson Director for business development, The Instant Group Angela Kitching, Hannah Pearce Head of external affairs (job share), Age UK Morwen Williams Head of newsgathering operations, BBC Georgina Faulkner Head of Sky multisports, Sky Maggie Stilwell Managing partner for talent, UK & Ireland, EY Sarah Moore Partner, PwC
  • (12) Also remember that each time you apply for a loan your credit record is checked, which will leave a footprint of the search.
  • (13) Sometimes it can seem as if the history of the City is the history of its crises and disasters, from the banking crisis of 1825 (which saw undercapitalised banks collapse – perhaps the closest historic parallel to the contemporary credit crunch), through the Spanish panic of 1835, the railway bust of 1837, the crash of Overend Gurney, the Kaffir boom, the Westralian boom, the Marconi scandal, and so on and on – a theme with endless variations.
  • (14) It acts as a one-stop shop bringing together credit unions and other organisations, such as Five Lamps , a charity providing loans, and white-goods providers willing to sell products with low-interest repayments.
  • (15) In 1987 the WI's main concern, writes Robinson, was the "aggressive and indiscriminate sale of credit".
  • (16) The details also suggest ministers have still to resolve some key issues including how credit is to be paid and whether to include child tax credit and council tax benefit.
  • (17) If figurative language is defined as involving intentional violation of conceptual boundaries in order to highlight some correspondence, one must be sure that children credited with that competence have (1) the metacognitive and metalinguistic abilities to understand at least some of the implications of such language (Lakoff & Johnson, 1980; Nelson, 1974; Nelson & Nelson, 1978), (2) a conceptual organization that entails the purportedly violated conceptual boundaries (Lange, 1978), and (3) some notion of metaphoric tension as well as ground.
  • (18) He argues that whenever you have periods of crazy expansion of virtual credit, like today, you either have to have a safety valve of forgiveness, like in Mesopotamia where you wiped the tablets clean every seven years, or you have an outbreak of social violence so intense you rip society apart.
  • (19) Since they were established they have been credited with changing the face of children and family services, identifying disadvantaged children and families and providing targeted support.
  • (20) The market is lightly regulated and any problems could ripple out into a wider credit crunch.

Debit


Definition:

  • (n.) A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
  • (v. t.) To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.
  • (v. t.) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

Example Sentences:

  • (1) The debit card doubles as a Clubcard, and customers will be able to earn points wherever they use it.
  • (2) Target’s data breach in 2013 exposed details of as many as 40m credit and debit card accounts and hurt its holiday sales that year.
  • (3) Ensuring residents have multiple ways to pay (such as via a text message or through a smartphone app) will also be important as they offer residents the control they feel they have with cash and can be used to top up a direct debit.
  • (4) It comes with a full banking service including a cash card but no debit card, chequebook or overdraft.
  • (5) CPAs are similar to direct debits in that they enable a company to control the size and frequency of payments from the customer's account.
  • (6) The Tesco Bank current account offers 3% interest on credit balances, Clubcard points on all debit card spending, and a "simple and transparent" fees and charges structure.
  • (7) JD, Oxford More than three months to get a replacement debit card is ridiculous, and we agree that you have been more than patient.
  • (8) Hours after Greece’s bailout programme with its creditors expired and the country became the first in the developed world to miss an IMF loan repayment, Greek pensioners without debit cards were at last able to withdraw some cash.
  • (9) The second debit sent him overdrawn leaving him unable to access any funds.
  • (10) In 2014, hackers stole information on an estimated 56 million debit and credit card customers from Home Depot .
  • (11) Pay by direct debit This can save consumers up to 10% or about £100 a year, according to Citizens Advice .
  • (12) As part of an ongoing investigation into credit brokers, the company was found to have used high-pressure sales tactics to persuade consumers to provide their debit or credit card details on the false premise that they were needed for an identity or security check.
  • (13) The £5 a month is to ensure that customers do not face further banking charges when payments are returned unpaid for direct debits and standing orders.
  • (14) The average debit card was used to make 94 purchases in 2013, with the total amount spent per card typically coming in at just over £4,000.
  • (15) However, hyperimmunoglobulinemia tends to show elevated hydrochloric acid debit.
  • (16) As students across Britain began closing accounts at the bank, HSBC reacted by freezing interest on overdrafts Letter chain Millions of template letters downloaded from internet sites - including theguardian.com - forced the banks into this week's court case to clarify the legal basis of charges such as those for bounced cheques and direct debits.
  • (17) He said he was considering requiring energy companies to put some direct debit customers on low tariffs with a customer's right to opt out.
  • (18) Allowing tenants to set the date the direct debit leaves their account also boosts take-up.
  • (19) The results point out that the phase of cell-specific function is distinctly lengthened to the debit of a reduced rate of mitosis.
  • (20) Choose an online tariff Scottish Power, British Gas and npower are among the providers which offer their best deals to customers willing to pay by direct debit and manage their account online.