What elements are in a debit account and what elements are in credit accounts definition.
A debit account is the amount of money you own through earning it from depositing. The money in your debit account is money that rightfully belongs to you. You can put it in a savings or withdraw money with minimal penalties.
A credit account is an account in which the bank gives you money to borrow. Each time you use your credit account, you must pay back the money you used from that account. Each time you use that account, you build up an interest fee added to the amount you used in that account.
A credit account should only be used during emergencies.