Last modified on 7 August 2014, at 05:57

debit

See also: débit

EnglishEdit

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EtymologyEdit

From Middle French debet, from Latin debilitum (what is owed, a debt), neuter past participle of debere (to owe); see debt.

PronunciationEdit

NounEdit

debit (plural debits)

  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. 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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VerbEdit

debit (third-person singular simple present debits, present participle debiting, simple past and past participle debited)

  1. To make an entry on the debit side of an account.
  2. To record a receivable in the bookkeeping.
    We shall debit your account for the amount of the purchase.
    We shall debit the amount of your purchase to your account.

TranslationsEdit

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AdjectiveEdit

debit (not comparable)

  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 {as used by US Postal Service, Walmart, and other payees

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