Debit vs Initialism - What's the difference?
debit | initialism |
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
A term formed from the initial letter or letters of several words or parts of words, but which is itself pronounced letter by letter.
As nouns the difference between debit and initialism
is that debit is flow, rate of flow while initialism is a term formed from the initial letter or letters of several words or parts of words, but which is itself pronounced letter by letter.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
*initialism
English
Noun
(wikipedia initialism) (en noun)- BBC is an initialism for British Broadcasting Corporation.