Definition of DEBIT

debit

Plural: debits

Noun

  • an accounting entry acknowledging sums that are owing
  • In bookkeeping, an entry in the left hand column of an account.
  • 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.

Verb

Verb Forms: debited, debiting, debits

  • To record an amount owed; to charge a sum.
  • enter as debit
  • To make an entry on the debit side of an account.
  • To record a receivable in the bookkeeping.

Adj

  • of or relating to process of taking money from an account
  • of or relating to the debit card function of a debit card rather than its often available credit card function

Examples

  • A cash sale is recorded as debit on the cash account and as credit on the sales account.
  • The scorekeeper would DEBIT points from players who made invalid challenges.
  • We shall debit the amount of your purchase to your account.
  • We shall debit your account for the amount of the purchase.

Origin / Etymology

Borrowed from Middle French debet, from Latin debitum (“what is owed, a debt”), neuter of debitus, past participle of debere (“to owe”); Doublet of debt.

Synonyms

debit entry

Antonyms

credit

Scrabble Score: 8

debit: valid Scrabble (US) TWL Word
debit: valid Scrabble Word in Merriam-Webster MW Dictionary
debit: valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 9

debit: valid Words With Friends Word