English Explanatory Dictionary

debit

English dictionary entry

Meanings

noun
  1. In bookkeeping, an entry in the left hand column of an 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.
verb
  1. To make an entry on the debit side of an account.
  2. To record a receivable in the bookkeeping.
adj
  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

Pronunciation

/ˈdɛb.ɪt/ en-us-debit.ogg

Word forms

debit debits debiting debited

Etymology

Borrowed from Middle French debet, from Latin debitum (“what is owed, a debt”), neuter of debitus, past participle of debere (“to owe”); Doublet of debt.

Antonyms

credit

Related words

debenture debitor debt credit

Derived words

agency debit memo debit account debit balance debit note direct debit on the debit side debit card debitable redebit
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