Debit definition: A debit is an entry recorded in an account, typically on the left side, representing a decrease in assets or an increase in liabilities.
Definitions of Debit
- 1noun
A debit is an entry recorded in an account, typically on the left side, representing a decrease in assets or an increase in liabilities.
- 2verb
To debit an account means to record an amount as owed or withdrawn from it.
Example Sentences
“Please debit my account for the subscription fee.”
“The bank processed the debit transaction quickly.”
“You will see a debit on your statement for the payment.”
Topics & Categories
Topic & ExploreInflected Word Forms
Phrases & Idiomatic Expressions
An arrangement made with a bank that allows a third party to withdraw money from an account on a specific date.
A plastic card that allows money to be transferred directly from a customer's account when a purchase is made.
A document issued by a seller to a buyer to correct an undercharge or to request payment for goods or services.
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