A few theories exist regarding the origin of the terms "debit (DR)" and "credit (CR)" in accounting. Both have Latin roots. An increase in liabilities or shareholders' equity is a credit to the ...

Learn more about how credit cards work. A debit card is linked to your checking account and allows you to make purchases. Debit cards work similar to cash, where you typically can't spend more ...

The main difference between debit cards and credit cards is where the money comes from when you make a purchase. Debit cards let you spend directly from your checking account balance. That means ...

Key Differences Between Debit and Credit Cards These are ... it immediately withdraws funds from your bank account. When you use a credit card, you borrow money from your financial institution ...