Term of the Day


Process by which individuals acquire the knowledge, language, social skills, andvalue to conform to the norms and roles required for integration into agroup orcommunity. It is a combination of both self-imposed (because theindividual wants to conform) and externally-imposed rules, and the expectations of the others. In anorganizational setting, socialization refers to the Process through ...
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Usage Example
Theres nothing more critical to the socialization process than play, Champlin said.
Notable Quotable
"Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services." 
-Henry Ford


An accounting entry which results in either an increase in assets or adecrease in liabilities or net worthopposite of credit.
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Usage Example
It is important to note that credit reports don't typically factor debit card payments into the credit score equation.