debit

B2
Pronunciation
/ˈdɛb.ɪt/
Noun
2 definition(s)
1 Definition

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

Example Sentences
  • A cash sale is recorded as debit on the cash account and as credit on the sales account.
2 Definition

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
2 definition(s)
1 Definition

To make an entry on the debit side of an account.

2 Definition

To record a receivable in the bookkeeping.

Example Sentences
  • We shall debit the amount of your purchase to your account.
Adjective
2 definition(s)
1 Definition

Of or relating to process of taking money from an account

2 Definition

Of or relating to the debit card function of a debit card rather than its often available credit card function