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Debit vs Arrear - What's the difference?

debit | arrear | Related terms |

Debit is a related term of arrear.


As nouns the difference between debit and arrear

is that debit is flow, rate of flow while arrear is work to be done, obligation.

As an adverb arrear is

(obsolete) towards the rear, backwards.

debit

English

(wikipedia debit)

Noun

(en noun)
  • In bookkeeping, an entry in the left hand column of an account.
    • A cash sale is recorded as debit on the cash account and as credit on the sales 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.

    • Derived terms

    * debit card

    Related terms

    * debt * debitor * debenture

    See also

    * credit

    Verb

    (en verb)
  • To make an entry on the debit side of an account.
  • To record a receivable in the bookkeeping.
    • ''We shall debit your account for the amount of the purchase.
    We shall debit the amount of your purchase to your account.

    Adjective

    (-)
  • 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

    • Antonyms

    * credit

    Derived terms

    * debit card

    External links

    * *

    Anagrams

    *

    arrear

    English

    Adverb

    (en adverb)
  • (obsolete) Towards the rear, backwards.
  • * 1591 , Edmund Spenser, Virgil's Gnat , ll. 465-8:
    • She, (Ladie) having well before approoved / The feends to be too cruell and severe, / Observ'd th' appointed way, as her behooved, / Ne ever did her ey-sight turne arere [...].
  • (obsolete) Behind time; overdue.
  • * 1803 , Edward Hyde East, Reports of cases Argued and determined in the Court of King's Bench , London 1814, vol. 3, p. 559:
    • In case the annuity should be arrear for sixty days being lawfully demanded, then the trustee might enter upon the premises assigned [...].

    Noun

    (en noun)
  • Work to be done, obligation.
    • I have a large arrear of letters to write. -- J. D. Forbes.
    My own work, with its manifold arrears , took me all day to clear off. -- Stoker, Dracula
  • Unpaid debt.