What is the opposite of debit?

Option B – ‘Credit‘ means ‘adding money to one’s account’. Hence, ‘credit’ is the antonym of ‘debit’, Thus option B is the correct answer.

What is the antonym of debt?

ˈdɛt) Money or goods or services owed by one person to another. Antonyms. take fall back dissuade deficit lead unsusceptibility asset.

Is debit an antonym of credit?

Debits are the opposite of credits. Debits represent money being paid out of a particular account; credits represent money being paid in.

What are synonyms for debit?

In this page you can discover 31 synonyms, antonyms, idiomatic expressions, and related words for debit, like: entry, indebtedness, obligation, liability, tally, charge-card, amount due, accounts collectible, bills, charge and credit.

Is credit the opposite of debt?

Debt is money you owe, while credit is money you can borrow. Credit and debt are not the same, but managing them wisely is crucial to your overall financial health.

What word means the opposite of debtor?

The opposite of a debtor is a creditor.

What is related to debt?

Debt is anything owed by one person to another. Debt can involve real property, money, services, or other consideration. In finance, debt is more narrowly defined as money raised through the issuance of bonds. A loan is a form of debt but, more specifically, is an agreement in which one party lends money to another.

What is the sentence of debt?

Examples of debt in a Sentence

He is trying to pay off gambling debts. The company has run up huge debts. Their debts are piling up. He’s been working three jobs in an attempt to get out of debt.

What is the opposite of Owe money?

What is the opposite of owe?
pay uprepay
reimburseclear up
account forremit
relievesquare up

What is it called when you are in debt?

A debtor is a company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities—such as bonds—the debtor is referred to as an issuer.

What is debt in simple words?

The answer to the question, “what is debt?” is the sum that a person borrows from the other is called a debt. Debt is an amount of money one borrows and has to pay back later.

What is good debt?

What Is Good Debt? Good debt is often exemplified in the old adage “it takes money to make money.” If the debt you take on helps you generate income and build your net worth, then that can be considered positive. So can debt that improves your and your family’s life in other significant ways.

What is debt short for?

DEBTDerail the Bullet Train (Florida)
DEBTDoing Everything But Tithing

Is money a debt?

Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).

Is debt positive or negative?

For most people, the word “debt” has negative connotations. However, especially when starting a small business, you don’t need to avoid debt altogether. There is “good debt” that is necessary for growth when launching a business, and there is “bad” debt that could have long-term negative consequences for your finances.

What are the 4 types of debt?

Key Takeaways

The main types of personal debt are secured debt, unsecured debt, revolving debt, and mortgages. Secured debt requires some form of collateral, while unsecured debt is solely based on an individual’s creditworthiness.

Is money a credit?

In essence, money is credit that is widely accepted as a medium of exchange. An IOU will be accepted in exchange for goods and services only if it is seen as a store of value.

Who created debt?

Debt: The First 5,000 Years is a book by anthropologist David Graeber published in 2011. It explores the historical relationship of debt with social institutions such as barter, marriage, friendship, slavery, law, religion, war and government.

Debt: The First 5000 Years.
AuthorDavid Graeber