Debit meaning

dĕb'ĭt
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.

verb
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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.

noun
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An item of debt as recorded in an account.
noun
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The left-hand side of an account or accounting ledger where bookkeeping entries are made.
noun
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An entry of a sum in the left-hand side of an account.
noun
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The sum of such entries.
noun
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To enter (a sum) on the left-hand side of an account or accounting ledger.
verb
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To charge with a debit.

If you use an ATM, the bank will debit your account immediately.

verb
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The left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
noun
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Such an entry.
noun
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The sum of such entries.
noun
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A sum deducted from one's bank account, as for a check.
noun
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To enter as a debit or debits; enter on the left-hand side of an account.
verb
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A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit.
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In bookkeeping, an entry in the left hand column of an account to record a debt.
noun
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A sum of money taken out of an account.
noun
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To make an entry on the debit side of an account.
verb
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To remove a sum of money from an account as a payment.
verb
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Of or relating to process of taking money from an account.
adjective
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Of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees.
adjective
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A disadvantage or shortcoming.
noun
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Origin of debit

From Middle French debet, from Latin debilitum (“what is owed, a debt”), neuter past participle of debere (“to owe”); see debt.

Sentence Examples

  • When you have business overdraft protection, then the money transfers automatically to your bank account to pay a check or to allow you or your employee to use your debit card, even if you have a $0 balance in the bank.

  • Click on the links in the box at the right to access the direct debit mandate form.

  • Due to the fact that these fees are common amongst just about every prepaid, re-loadable debit cards available, and vary by card issuer, it is a good idea to shop around and compare fees before deciding on a card that suits your needs.

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Words near debit in the Dictionary