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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
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