Word forms: plural, 3rd person singular presenttense debits, present participle debiting, past tense, past participle debited
1. verb
When your bank debits your account, money is taken from it and paid to someone else.
We will always confirm the revised amount to you in writing before debiting youraccount. [VERB noun]
Synonyms: pay out from More Synonyms of debit
2. countable noun
A debit is a record of the money taken from your bank account, for example when you write a cheque.
The total of debits must balance the total of credits.
Synonyms: payout, debt, payment, commitment More Synonyms of debit
3. See also direct debit
debit in British English
(ˈdɛbɪt) accounting
noun
1.
a.
acknowledgment of a sum owing by entry on the left side of an account
b.
the left side of an account
c.
an entry on this side
d.
the total of such entries
e.
(as modifier)
a debit balance
Compare credit (sense 10)
verbWord forms: -bits, -biting or -bited
2. (transitive)
a.
to record (an item) as a debit in an account
b.
to charge (a person or his or her account) with a debt
Compare credit (sense 17)
Word origin
C15: from Latin dēbitumdebt
debit in American English
(ˈdɛbɪt)
noun
1. Accounting
a.
the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
b.
such an entry
c.
the sum of such entries
d.
a sum deducted from one's bank account, as for a check
2.
a disadvantage or shortcoming
verb transitive
3.
to enter as a debit or debits; enter on the left-hand side of an account
Word origin
LME & OFr debite < L debitum, what is owing, debt; neut. pp. of debere: see debt
debit in Accounting1
(dɛbɪt)
Word forms: (regular plural) debits
noun
(Accounting: Financial statements)
A debit is entry on the left-hand side of an account.
If there is a requirement for regular pension costs to be funded in full, the accountingentries are a credit to cash and a debit to regular pension costs.
The statement of total debits and credits is known as a trial balance.
A debit is entry on the left-hand side of an account.
debit side
debit in Accounting2
(dɛbɪt)
Word forms: (present) debits, (past) debited, (perfect) debited, (progressive) debiting
verb
(Accounting: Financial statements)
If you debit an account, you make an entry on the left side of the account.
The excess is debited to this account if it contains a sufficient credit balance to absorb this debit.
To record a cash sale, you credit sales revenue and debit the bank account.
If you debit an account, you make an entry on the left side of the account.
debit in Accounting3
(dɛbɪt)
Word forms: (present) debits, (past) debited, (perfect) debited, (progressive) debiting
verb
(Accounting: Commerce)
If an item or a customer's account is debited, money is taken out of it to pay someone else.
When you charge your credit card, you credit the credit card account to increasethe amount that you owe, and debit the expense that you charged on it.
The bank will debit your account for the fees.
If an item or a customer's account is debited, money is taken out of it to pay someone else.
Examples of 'debit' in a sentence
debit
You do not need to worry about cancelling the direct debit with the old supplier.
Times, Sunday Times (2016)
Set up a direct debit to pay off the debt.
Times, Sunday Times (2016)
Make sure you settle the final bill with your old supplier before cancelling any direct debits.
Times, Sunday Times (2016)
The most sensible option is to set up a direct debit that pays off the balance in full each month.
Times, Sunday Times (2016)
Police are leading the investigation into the theft of cash from 20,000 debit card accounts.
The Sun (2016)
I called and continued to give meter readings and pay by direct debit to avoid sinking into debt.
The Sun (2016)
Before going abroad, check what charges your debit and credit card companies levy and whether they have a fee for cash withdrawals.
Times, Sunday Times (2016)
I pay by direct debit so couldn't understand what had happened.
The Sun (2016)
Motorists, when they opt not to pay by direct debit, now receive a written reminder when tax is due.
Times, Sunday Times (2017)
I finally got so fed up I cancelled my direct debit.
The Sun (2016)
The site will ask for details such as your address and bank if paying by direct debit.
The Sun (2014)
This will help you avoid banking fees on normal credit and debit cards for money spent away.
The Sun (2016)
Some banks do not charge for using debit cards abroad.
Times, Sunday Times (2012)
There is no difference in price between paying by direct debit or quarterly cheque.
Times, Sunday Times (2012)
We paid half the asking price and signed to pay the remaining balance by direct debit.
Times, Sunday Times (2015)
Credit and debit card information must not be kept by call centres once a transaction is complete.
Times, Sunday Times (2009)
Paying by debit card took a few seconds.
Times, Sunday Times (2008)
It is simple to set up direct debits to move money from your back account into funds.
Times, Sunday Times (2013)
Most debit card providers charge hefty foreign exchange fees.
Times, Sunday Times (2010)
Most payments of such charges were by credit or debit card or cheque.
Times, Sunday Times (2009)
The church treasurer said he had no evidence that any direct debits had been cancelled.
Times, Sunday Times (2010)
It will then debit your bank account and post your purchase to you.
The Sun (2009)
All insurance policyholders who pay by monthly direct debit must have a credit agreement.
Times, Sunday Times (2011)
Discounts for paying by direct debit are being reduced?
Times, Sunday Times (2013)
Many debit cards also charge a purchase fee per transaction.
Times, Sunday Times (2013)
This can be done automatically by direct debit from another account before the money is moved outagain.
Times, Sunday Times (2014)
He should set up a monthly direct debit of an amount that he is happy to pay and add ad hoc single premiums.
Times, Sunday Times (2008)
On the debit side, lenses take three months to settle.
Times, Sunday Times (2011)
We've arranged to reapply the debit to your account.
Times, Sunday Times (2012)
Or as we saw earlier, the total of debits must balance the total of credits.
Harrison, John Finance for the Non-Financial Manager (1989)
By agreeing international standards, the debit side of the equation could be removed altogether.
Times, Sunday Times (2008)
Most financial dealings were in my daughter's name and paid from her bank account through direct debit.
Times, Sunday Times (2016)
In other languages
debit
British English: debit /ˈdɛbɪt/ NOUN
A debit is a record of the money taken from your bank account.
The total of debits must balance the total of credits.
American English: debit
Arabic: مَدِين
Brazilian Portuguese: débito
Chinese: 扣款
Croatian: dugovanje
Czech: debet
Danish: debet
Dutch: debetsaldo
European Spanish: débito
Finnish: veloitus
French: débit
German: Schuldposten
Greek: χρέωση
Italian: debito
Japanese: 借方
Korean: 차변
Norwegian: debet
Polish: debet
European Portuguese: débito
Romanian: debit
Russian: дебет
Latin American Spanish: débito
Swedish: debet
Thai: รายการของเงินที่หักบัญชี
Turkish: hesabından çekilen para
Ukrainian: дебет
Vietnamese: sự ghi nợ
British English: debit /ˈdɛbɪt/ VERB
When your bank debits your account, money is taken from it and paid to someone else.
We will confirm the amount before debiting your account.
American English: debit
Arabic: يَحْسُبُ عَلَى
Brazilian Portuguese: debitar
Chinese: 扣款
Croatian: teretiti
Czech: zatížit účet
Danish: debitere
Dutch: debiteren
European Spanish: cargar
Finnish: veloittaa
French: débiter
German: abbuchen
Greek: χρεώνω
Italian: addebitare
Japanese: 借方に記入する
Korean: 차변에 기입하다
Norwegian: belaste debitere
Polish: obciążyć
European Portuguese: debitar
Romanian: a debita
Russian: дебетовать
Latin American Spanish: debitar
Swedish: debitera
Thai: หักบัญชี
Turkish: birinin hesabına borç kaydetmek
Ukrainian: стягати з поточного рахунка
Vietnamese: ghi nợ
All related terms of 'debit'
debit card
A debit card is a bank card that you can use to pay for things. When you use it the money is taken out of your bank account immediately .
debit entry
acknowledgment of a sum owing by entry on the left side of an account
debit side
The debit side of an account is the left-hand side.
debit account
a bank account which allows you to buy goods or services with money that you have put into the account
debit balance
the amount of money owed to a lender, etc
direct debit
If you pay a bill by direct debit , you give permission for the company who is owed money to transfer the correct amount from your bank account into theirs, usually every month .
on the debit side
the debit side of a situation is the aspect of it which is less positive , pleasant , or useful than its other aspects
Chinese translation of 'debit'
debit
(ˈdɛbɪt)
n(c)
记(記)入借方的款项(項) (jìrù jièfāng de kuǎnxiàng)
vt
将(將) ... 记(記)入某人的借方 (jiāng ... jìrù mǒurén de jièfāng)
(verb)
Definition
to charge (an account) with a debt
We will confirm with you before debiting your account.
Synonyms
pay out from
(noun)
Definition
the money, or a record of the money, withdrawn from a person's bank account
The total of debits must match the total of credits.
Synonyms
payout
debt
He is still paying off his debts.
payment
commitment
I've got too many commitments to take on anything more right now.
liability
Additional synonyms
in the sense of commitment
Definition
an obligation, responsibility, or promise that restricts freedom of action
I've got too many commitments to take on anything more right now.