DEBIT

debit, debit entry

(noun) an accounting entry acknowledging sums that are owing

debit

(verb) enter as debit

Source: WordNet® 3.1

Etymology

Noun

debit (countable and uncountable, plural debits)

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

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

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

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

To record a receivable in the bookkeeping.

Adjective

debit (not comparable)

of or relating to process of taking money from an account

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

Antonyms

• credit

Anagrams

• betid, bidet, bited

Source: Wiktionary

Deb"it, n. Etym: [L. debitum what is due, debt, from debere to owe: cf. F. débit. See Debt.]

Definition: A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.

Deb"it, v. t. [imp. & p. p. Debited; p. pr. & vb. n. Debiting.]

1. To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.

2. (Bookkeeping)

Definition: To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

Source: Webster’s Unabridged Dictionary 1913 Edition