debit

/ˈdɛb.ɪt/

noun

  1. 1

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

    A cash sale is recorded as debit on the cash account and as credit on the sales account.
  2. 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

  1. 1

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

  2. 2

    To record a receivable in the bookkeeping.

    We shall debit the amount of your purchase to your account.

adjective

  1. 1

    Of or relating to process of taking money from an account

  2. 2

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

Antonyms

Translate “debit” to another language

Click any language to open the translator with this word already filled in.