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Definition debit

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.

Noun

debit (countable and uncountable, plural debits)

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

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.

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 (Can we add an example for this sense?)

Results 452 Words with the letters DEBIT

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