debit

Meanings

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

Related

Opposite words

• credit

Origin

• Borrowed from Middle French debet, from Latin debitum ("what is owed, a debt"), neuter of debitus, past participle of debere; debt.