- The definition of a debit is a payment made, or a payment owed.
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.
When you withdraw $100 from your bank account, this is an example of a situation where the bank debits your account.
- the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
- such an entry
- the sum of such entries
- a sum deducted from one's bank account, as for a check
- a disadvantage or shortcoming
Origin of debitLate Middle English and amp; Old French debite ; from Classical Latin debitum, what is owing, debt; neuter past participle of debere: see debt
- An item of debt as recorded in an account.
- The left-hand side of an account or accounting ledger where bookkeeping entries are made.
- An entry of a sum in the left-hand side of an account.
- The sum of such entries.
transitive verbdeb·it·ed, deb·it·ing, deb·its
- To enter (a sum) on the left-hand side of an account or accounting ledger.
- To charge with a debit: If you use an ATM, the bank will debit your account immediately.
Origin of debitMiddle English debite, from Latin dēbitum, debt; see debt.
(third-person singular simple present debits, present participle debiting, simple past and past participle debited)
- To make an entry on the debit side of an account.
- To remove a sum of money from an account as a payment.
- bidet, bited