debit

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.

• IPA^(key): /ˈdɛb.ɪt/

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• Rhymes: -ɛbɪt

debit (countable and uncountable, plural debits)

1. 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.

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.

• debit card

• debt
• debitor
• debenture

• credit

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

1. To make an entry on the debit side of an account.
2. To record a receivable in the bookkeeping.

   We shall debit your account for the amount of the purchase.

   We shall debit the amount of your purchase to your account.

debit (not comparable)

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 (Can we add an example for this sense?)

• credit

• debit card

• debit in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• debit in The Century Dictionary, New York, N.Y.: The Century Co., 1911.

• betid, bidet, bited