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credit Credit is the right to buy things when you want to and not have to pay for them until later. Usually, you can only get credit from a bank or store, for example, if they feel sure you will pay what you owe at the later time. If you get credit from a bank, it means that they will pay for the things you want to buy now, but you have to pay the bank back later. [1/4 definitions]
debt A debt is something that you owe to another person. If a friend gives you five dollars and you have to pay them back, then you have a debt of five dollars. When you pay the money back to your friend, your debt is gone. [2 definitions]
due When you give someone their due, you give them what they deserve or what you owe to them. Often "giving someone their due" means giving them praise or credit for something they did. [1/7 definitions]
owe When you owe someone a dollar, it means that they gave you a dollar sometime before now and you still have to pay them back. [2 definitions]
positive A positive number is a number that is greater than zero. When we count up from zero, we are counting positive numbers. Numbers that are less than zero are called "negative" numbers. Also, a positive amount of something is an amount that is more than zero. Let's say you have no money and you owe your friend some money, This means that you don't have a positive amount of money, because the amount of money you have is actually less than zero. You have a negative amount. [1/7 definitions]
settle1 When you settle a debt, you pay the money that you owe. [1/7 definitions]
square When you have borrowed money from someone, but now you are square, it means that you have paid what you owe them. You don't owe them any money and they don't owe you any money. [1/9 definitions]
statement A statement is a report of a person's account with a bank or company. A statement tells the person how much money they have or how much money they owe. [1/3 definitions]