Debit vs Deposit - What's the difference?
debit | deposit |
In bookkeeping, an entry in the left hand column of an account.
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.
To make an entry on the debit side of an account.
To record a receivable in the bookkeeping.
of or relating to process of taking money from an account
of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees
Sediment or rock that is not native to its present location or is different from the surrounding material. Sometimes refers to ore or gems.
That which is placed anywhere, or in anyone's hands, for safekeeping; something entrusted to the care of another.
(banking) Money placed in an account.
Anything left behind on a surface.
(finance) A sum of money or other asset given as an initial payment, to show good faith, or to reserve something for purchase.
A sum of money given as a security for a borrowed item, which will be given back when the item is returned, e.g. a bottle deposit or can deposit
A place of deposit; a depository.
To lay down; to place; to put.
* Jeremy Taylor
To lay up or away for safekeeping; to put up; to store.
To entrust one's assets to the care of another. Sometimes done as collateral.
To put money or funds into an account.
To lay aside; to rid oneself of.
As nouns the difference between debit and deposit
is that debit is in bookkeeping, an entry in the left hand column of an account while deposit is sediment or rock that is not native to its present location or is different from the surrounding material. Sometimes refers to ore or gems.As verbs the difference between debit and deposit
is that debit is to make an entry on the debit side of an account while deposit is to lay down; to place; to put.As an adjective debit
is of or relating to process of taking money from an account.debit
English
(wikipedia debit)Noun
(en noun)- A cash sale is recorded as debit on the cash account and as credit on the sales account.
Derived terms
* debit cardSee also
* creditVerb
(en verb)- ''We shall debit your account for the amount of the purchase.
- We shall debit the amount of your purchase to your account.
Adjective
(-)Antonyms
* creditDerived terms
* debit cardExternal links
* *Anagrams
*deposit
English
Alternative forms
* depositeNoun
(en noun)- a mineral deposit
- a deposit of seaweed on the shore
- They put a deposit on the apartment.
Derived terms
* security deposit * container-deposit * bottle deposit * can depositSee also
* refundableVerb
(en verb)- A crocodile deposits her eggs in the sand.
- The waters deposited a rich alluvium.
- The fear is deposited in conscience.
- to deposit goods in a warehouse
- (Hammond)