What's the difference between debit and debt?

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.

Debt


Definition:

  • (n.) That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.
  • (n.) A duty neglected or violated; a fault; a sin; a trespass.
  • (n.) An action at law to recover a certain specified sum of money alleged to be due.

Example Sentences:

  • (1) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (2) Madrid now hopes that a growing clamour for future rescues of Europe's banks to be done directly, without money going via governments, may still allow it to avoid accepting loans that would add to an already fast-growing national debt.
  • (3) Profit for the second quarter was £27.8m before tax but the club’s astronomical debt under the Glazers’ ownership stands at £322.1m, a 6.2% decrease on the 2014 level of £343.4m.
  • (4) The government did not spell out the need for private holders of bank debt to take any losses – known as haircuts – under its plans but many analysts believe that this position is untenable.
  • (5) However, civil society groups have raised concerns about the ethics of providing ‘climate loans’ which increase the country’s debt burden.
  • (6) The pump function of the heart (oxygen debt dynamics), the anaerobic threshold (complex of gas analytical indices), and the efficacy of blood flow in lesser circulation (O2 consumption plateau) were appraised.
  • (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) Thus, the decreased hyperemic response after arrest suggests a reduced energetic debt with CSC compared with ARC and may indicate superior myocardial protection with CSC.
  • (9) It was the ease with which minor debt could slide into a tangle of hunger and despair.
  • (10) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (11) Silvio Berlusconi's government is battling to stay in the eurozone against mounting odds – not least the country's mountain of state debt, which is the largest in the single currency area.
  • (12) However in a repeat of the current standoff over the federal budget, the conservative wing of the Republican party is threatening to exploit its leverage over raising the debt ceiling to unpick Obama's healthcare reforms.
  • (13) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (14) Nevertheless we know that there will remain a large number of borrowers with payday loans who are struggling to cope with their debts, and it is essential that these customers are signposted to free debt advice.
  • (15) Finally, there is that pesky matter of public debt, which is still 90% of eurozone GDP.
  • (16) The ONS said it was possible that these one-off items and a rise in tax receipts in January could bring the overall debt figure within the OBR's £80.5bn forecast.
  • (17) This causes a time lag, with money continuing to be taken until the SLC is made aware that the debt has been settled.
  • (18) Unsecured lending rose slightly during the month, with outstanding debt increasing by £331m, after contracting by £114m in April.
  • (19) He said: "Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.
  • (20) Portugal's slide towards a Greek-style second bailout accelerated after its principal private lenders indicated that they were growing weary of assurances from Lisbon that it could get on top of the country's debts.