Debit
A fancy bank term for whenever money leaves your checking or debit account, like when you buy dinner.

Debit card
A plastic card issued by Bank of America that customers can use anywhere debit cards are accepted. Because money is deducted directly from your designated Bank of America checking account, there are no finance charges. A Debit Card can also be used at ATMs so there is no need to carry both a Debit Card and an ATM card. Also referred to as a check card.

Delinquency
Being late on a payment, say for a loan or phone bill. Avoid this if you don’t want to hurt your credit rating.

Direct deposit
You can have your money, either from a job or other regular monthly income put directly into your account instead of getting a check in the mail, and having to deposit it yourself.