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Debit

//ˈdɛb.ɪt// adj, noun, verb

Definitions

Adjective
  1. 1
    of or relating to process of taking money from an account not-comparable
  2. 2
    of or relating to the debit card function of a debit card rather than its often available credit card function not-comparable
Noun
  1. 1
    In bookkeeping, an entry in the left hand column of an account. countable, uncountable

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

  2. 2
    an accounting entry acknowledging sums that are owing wordnet
  3. 3
    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. countable, uncountable
Verb
  1. 1
    To make an entry on the debit side of an account.

    "The economist also observed that some of the Victoria Line's cost should be debited to existing lines, as they would benefit from the rebuilding of their interchange stations with the new tube."

  2. 2
    enter as debit wordnet
  3. 3
    To record a receivable in the bookkeeping.

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

Etymology

Etymology 1

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.

Etymology 2

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.

Etymology 3

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.

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