Debit

/ˈdΙ›b.Ιͺt/

The meaning and definition of Debit, with examples, synonyms, and a word game to make it stick.

Definition

adjective
  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
noun
  1. In bookkeeping, an entry in the left hand column of an account.
    β€œA cash sale is recorded as debit on the cash account and as credit on the sales 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.
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