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debit

[deb-it] /ˈdɛb ɪt/
noun
1.
the recording or an entry of debt in an account.
2.
Bookkeeping.
  1. that which is entered in an account as a debt; a recorded item of debt.
  2. any entry or the total shown on the debit side.
  3. the left-hand side of an account on which such entries are made (opposed to credit).
3.
an undesirable or disadvantageous feature.
verb (used with object)
4.
to charge with a debt:
The store debited her account for the purchase.
5.
to charge as a debt:
The store debited the purchase to her account.
6.
Bookkeeping. to enter upon the debit side of an account.
Origin
late Middle English
1400-1450
1400-50; late Middle English < Old French < Latin dēbitum something owed; see debt
Related forms
predebit, noun, verb (used with object)
redebit, verb (used with object)
undebited, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for debit
  • There simply is a debit of one account and a credit of another account, both accomplished by our government.
  • It's not tied to one particular debit card, and sub-accounts can be setup from the main account.
  • Even a payment by credit or debit card, or a mobile-phone billing account, ends up as part of a transaction with a bank.
  • Add one more place to the growing list of locations where you should be wary about using your debit card: gas station pumps.
  • It can also be used as a debit card at many downtown restaurants and shops, and for parking meters.
  • Each family in the area has been issued with a debit card.
  • And this law is not the simple accounting solution of debit and credit.
  • That's right everyone gets a debit card to handle their transaction.
  • Actually, there is an answer to that: the debit card.
  • The transactions are faster than those with credit or debit cards because there is no need to get bank authorization.
British Dictionary definitions for debit

debit

/ˈdɛbɪt/
noun
1.
  1. acknowledgment of a sum owing by entry on the left side of an account
  2. the left side of an account
  3. an entry on this side
  4. the total of such entries
  5. (as modifier): a debit balance Compare credit (sense 10)
verb -its, -iting, -ited
2.
(transitive)
  1. to record (an item) as a debit in an account
  2. to charge (a person or his account) with a debt Compare credit (sense 17)
Word Origin
C15: from Latin dēbitumdebt
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for debit
n.

mid-15c., from Middle French debet or directly from Latin debitum "thing owed, that which is owing," neuter past participle of debere "to owe" (see debt). As a verb from 1680s. Debit card is attested from 1975.

Online Etymology Dictionary, © 2010 Douglas Harper
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8
9
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