You’re right that most people don’t use the terms the way @CookingWithGas is - but it’s also true that most people don’t use double-entry bookkeeping for their household or even very small business records. Most people see a “credit” to their bank account as increasing their balance - but from the bank’s point of view ( and it’s the bank keeping the record ) the credit to your checking account is increasing the bank’s liability. CookingWithGas is trying to determine how to keep these records in accordance with Generally Accepted Accounting Principles - which is something that is not relevant to most people but is to some.
This thread explains it more.