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- Dictionarydebit/ˈdɛbɪt/
noun
- 1. an entry recording a sum owed, listed on the left-hand side or column of an account: "a double-entry system of bookkeeping, where each debit has a corresponding credit entry"
verb
- 1. (of a bank or other financial organization) remove (an amount of money) from a customer's account: "$10,000 was debited from their account"
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DEBIT definition: 1. (a record of) money taken out of a bank account: 2. to take money out of an account or keep a…. Learn more.
noun. 1. a. : a record of an indebtedness. specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account. b. : the sum of the items entered as debits. 2. : a charge against a bank deposit account. 3. : drawback, shortcoming.
1. verb. When your bank debits your account, money is taken from it and paid to someone else. We will always confirm the revised amount to you in writing before debiting your account. [VERB noun] Synonyms: pay out from More Synonyms of debit. 2. countable noun.
Debit definition: the recording or an entry of debt in an account.. See examples of DEBIT used in a sentence.
A debit is a payment made or charged, or the notation of the amount charged. Trying to track down the mysterious $2 debit to your bank account is almost never fruitful, but you’re bound to do it anyway.
1. the record kept of another's indebtedness. 2. a. a recorded item of debt. b. any entry or the total shown on the debit side. c. the left-hand, or debit, side of an account (opposed to credit ). 3. a failing or shortcoming. v.t. 4. to charge with or as a debt. 5. to enter on the debit side of a bookkeeping account.
debit something (from something) The money will be debited from your account each month. debit something (with something) The bank will debit your account with any withdrawals made using your payment card.
noun. /ˈdebɪt/ a written note in a bank account or other financial record of a sum of money owed or spent. on the debit side of an account. (figurative) On the debit side (= a negative result will be that) the new shopping centre will increase traffic problems. Topics Money c1. Want to learn more?
DEBIT meaning: 1. money taken out of a bank account, or a record of this 2. to take money out of a bank account as…. Learn more.
May 22, 2024 · A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet. In fundamental accounting, debits are balanced by credits,...
