Day 1241
11 Nov 2024

debit

/ˈdɛb.ɪt/

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

adjective
Of or relating to process of taking money from an accountOf or relating to the debit card function of a debit card rather than its often available credit card function