Truly, this has puzzled many people. "Debt" concerns money owed, and for which you are expected to make a payment. A mortgage, for example.
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wilpeterTruly, this has puzzled many people."Debt" concerns money owed, and for which you are expected to make a payment. A mortgage, for example."Debit" has opposing meanings, depending on where you see it. In bookkeeping terms, it is the left side of a journal (or of your bank statement). (The right side is called the "Credit" column.)When you withdraw money from your b