English

Noun

debit ‎(countable and uncountable, plural debits)

1. In bookkeeping, an entry in the left hand column of an account.

   A cash sale is recorded as debit on the cash account and as credit on the sales account.

2. A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

Derived terms

• debit card

Related terms

• debt
• debitor
• debenture

Translations

See also

• credit

Verb

debit ‎(third-person singular simple present debits, present participle debiting, simple past and past participle debited)

1. To make an entry on the debit side of an account.
2. To record a receivable in the bookkeeping.

   We shall debit your account for the amount of the purchase.

   We shall debit the amount of your purchase to your account.

Translations

Adjective

debit ‎(not comparable)

1. of or relating to process of taking money from an account
2. of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees

Antonyms

• credit

Derived terms

• debit card

Translations

External links

• debit in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913
• debit in The Century Dictionary, The Century Co., New York, 1911

Anagrams

• bidet, bited