‘Credited or debited’ is a business term used to specify whether an account is either receiving funds (credited) or losing funds (debited). This terminology is most often used when discussing transactions, such as when a customer pays for goods or services. In this case, the customer’s account will be debited and the supplier’s account will be credited with the purchase amount. Similarly, when investing money in a savings account, the account will be credited with the sum invested. With any transaction performed electronically, it is important to understand the concept of credit and debit and how they affect accounts.