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.
- Volunteers handed out as much as $2 million each in debit cards per day.
- 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.
- The functionality is like a private label debit card, or from another perspective a loyalty card.
- I think the debit is what I now have, requires a PIN and cannot be used as a credit card, but I could have it backwards.
- Visa, which has a larger market share in debit cards, benefits more from their usage for expenses including groceries and gasoline.
- Cash Store Financial also provides a private-label debit card (the Freedom card) and a prepaid credit card (the Freedom MasterCard) as well as other financial services.
- Cash Store Financial also provides a private-label debit card (the Freedom card) and a prepaid credit card (the Freedom MasterCard) as well as other financial services, including bank accounts.
- The abandoning of conservative ideals under President Bush — debit is wealth, up is down, black is white — and his failure to locate a successor has left the party morally and politically adrift.
- Meanwhile, Citigroup began charging 3% of the transaction for certain debit card purchases and ATM withdrawals made outside the U.S. last year, up from 2% — and in line with the company's fees for foreign credit card transactions.
- Woolworths announced on Thursday the change, which will affect scheme debit cards issued by banks and credit unions that feature either the Visa or MasterCard logo as well as the word debit to differentiate them from credit cards.