Debit

Funds which will leave a bank account. For example, when an individual writes a cheque, their account will be debited the amount.

Debt

Money owed by one individual or company to another.

Debt Consolidation

The process of merging multiple debts into one single debt. Typically this is used to reduce monthly outgoings by increasing the term over which the debt will be repaid.

Deed

A document which legally transfers ownership from one party to another.