debit
Pronunciation
  • IPA: /ˈdɛb.ɪt/
Noun

debit

  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.
Related terms Translations
  • Russian: де́бет
Translations
  • Portuguese: débito
  • Russian: де́бет
Verb

debit (debits, present participle debiting; 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.
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
Antonyms


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