debit

The definition of a debit is a payment made, or a payment owed.

(noun)

When money is taken out of your checking account to make a payment, this is an example of a debit.

Debit is defined as the act of taking money out of a bank account.

(verb)

When you withdraw $100 from your bank account, this is an example of a situation where the bank debits your account.

See debit in Webster's New World College Dictionary

noun

Accounting
1. the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
2. such an entry
3. the sum of such entries
4. a sum deducted from one's bank account, as for a check
a disadvantage or shortcoming

Origin: LME & OFr debite < L debitum, what is owing, debt; neut. pp. of debere: see debt

transitive verb

to enter as a debit or debits; enter on the left-hand side of an account

See debit in American Heritage Dictionary 4

noun

Accounting
a. An item of debt as recorded in an account.
b. The left-hand side of an account or accounting ledger where bookkeeping entries are made.
c. An entry of a sum in the left-hand side of an account.
d. The sum of such entries.
A drawback; a detriment.