debit

Plural: debits

Noun

an accounting entry acknowledging sums that are owing
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

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

Adj

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

Examples

"A cash sale is recorded as debit on the cash account and as credit on the sales account."
"We shall debit the amount of your purchase to your account."
"We shall debit your account for the amount of the purchase."

Origin / 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.

Synonyms

debit entry

Antonyms

credit

Scrabble Score: 8

debit is a valid Scrabble (US) TWL word
debit is a valid Scrabble Word in Merriam-Webster MW Dictionary
debit is a valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 9

debit is a valid Words With Friends word