debit
IPA: dˈɛbɪt
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 account
- of or relating to the debit card function of a debit card rather than its often available credit card function
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Examples of "debit" in Sentences
- The debit card is usable internationally.
- The value of all debits must equal all credits.
- For each transaction, the total debits equal the total credits.
- In case of personal accounts Debit the receiver Credit the giver.
- Checks and debits do not have to be made payable to the provider.
- Debit simply means put in the left column and Credit in the right.
- The total of the debit column must equal the total of the credit column.
- The debit column is then totalled and then the credit column is totalled.
- Commercial cards fall under the credit umbrella and prepaid under the debit.
- The Dankort is a Danish debit card and is the national credit card of Denmark.
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