Meaning Of The Word Debit

Real Dictionary
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  4. Debit

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Debit Meaning

Debit Definition
Debit Definition

What's The Definition Of Debit?

debit
countable noun: A debit is a record of the money taken from your bank account, for example when you write a cheque.
verb: When your bank debits your account, money is taken from it and paid to someone else.

debit in Accounting 1
noun: A debit is entry on the left-hand side of an account.

debit in Accounting 2
verb: If you debit an account, you make an entry on the left side of the account.

debit in Accounting 3
verb: If an item or a customer's account is debited, money is taken out of it to pay someone else.

debit in American English
the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
to enter as a debit or debits; enter on the left-hand side of an account
noun: the recording or an entry of debt in an account
transitive verb: to charge with a debt

debit in British English
noun: acknowledgment of a sum owing by entry on the left side of an account

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