debit
/ˈdɛb.ɪt/ noun, verb, adjective
Forms debits debiting debited
- noun In bookkeeping, an entry in the left hand column of an account. “A cash sale is recorded as debit on the cash account and as credit on the sales account.”
- noun 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 To make an entry on the debit side of an account.
- verb To record a receivable in the bookkeeping. “We shall debit your account for the amount of the purchase.”
- adjective of or relating to process of taking money from an account
- adjective of or relating to the debit card function of a debit card rather than its often available credit card function
Synonyms
Antonyms
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.
Webster’s 1913
- noun A debt; an entry on the debtor (Dr.) side of an account; --mostly used adjectively; as, the debit side of an account.
- verb To charge with debt; --the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.
- verb To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.
Etymology [L. debitum what is due, debt, from debere to owe: cf. F. débit. See Debt.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “debit”, CC BY-SA 4.0. Details