What is the credited means?

credited; crediting. Kids Definition of credit (Entry 2 of 2) 1 : to give recognition or honor to for something The team credited their coach for the championship. 2 : to place something in a person’s favor on (a business account) We will credit your account with ten dollars.

What is mean by credited in bank?

to pay money into a bank account: They credited my account with $20 after I pointed out the mistake.

What does credited mean in money?

This term has many meanings in the financial world, but credit is generally defined as a contract agreement in which a borrower receives a sum of money or something of value and repays the lender at a later date, generally with interest.

What does it mean something is credited to your account?

Credited to your account means amount has been deposited to your account(this will be your income). Debited from your account means withdrawn from your account(This will be your expense).

Click to rate this post!
[Total: 0 Average: 0]

Leave a Comment