Dictionary
1debit
verb deb·it \ˈde-bət\
: to take money from (an account)
Full Definition of DEBIT
transitive verb
: to enter upon the debit side of an account : charge with a debit
See debit defined for English-language learners
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First Known Use of DEBIT
1682
Other Economics Terms
2debit
noun
: an amount of money that is taken from an account
Full Definition of DEBIT
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
See debit defined for English-language learners
Origin of DEBIT
Latin debitum debt
First Known Use: 1746
Related to DEBIT
- Synonyms
- disadvantage, disbenefit, downside, drawback, handicap, incommodity, liability, minus, negative, strike
Other Business Terms
DEBIT Defined for Kids
1debit
verb deb·it \ˈde-bət\
deb·it·eddeb·it·ing
Definition of DEBIT for Kids
: to record as money paid out or as a debt <The amount was debited on my bank statement.>
2debit
noun
Definition of DEBIT for Kids
: an entry in a business record showing money paid out or owed
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