Owe vs Debit - What's the difference?
owe | debit |
To be under an obligation to give something back to someone or to perform some action for someone.
*1854 , Dickens, Hard Times , Chapter 7:
*:He inherited a fair fortune from his uncle, but owed it all before he came into it, and spent it twice over immediately afterwards.
To have debt, to be in debt.
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
As a verb owe
is to be under an obligation to give something back to someone or to perform some action for someone.As a noun debit is
flow, rate of flow.owe
English
Verb
(ow)Usage notes
* The original past tense form was ought, which during Middle English began to be used with indefinite signification and has become a distinct verb. The original past participle has become the adjective own.Anagrams
*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.