debit

noun

/ˈdebɪt/

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a written note in a bank account or other financial record of a sum of money owed or spent
- on the debit side of an account
- (figurative) On the debit side (= a negative result will be that) the new shopping centre will increase traffic problems.
Topics Moneyc1
a sum of money taken from a bank account
- The total debits on the account were £2 000 last month.
Topics Moneyc1

opposite credit

debit

verb

/ˈdebɪt/

Verb Forms

present simple I / you / we / they debit	/ˈdebɪt/ /ˈdebɪt/
he / she / it debits	/ˈdebɪts/ /ˈdebɪts/
past simple debited	/ˈdebɪtɪd/ /ˈdebɪtɪd/
past participle debited	/ˈdebɪtɪd/ /ˈdebɪtɪd/
-ing form debiting	/ˈdebɪtɪŋ/ /ˈdebɪtɪŋ/

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when a bank debits an account or debits money from an account, it takes money from the account
- debit something (from something) The money will be debited from your account each month.
- debit something (with something) The bank will debit your account with any withdrawals made using your payment card.
- Your current account is automatically debited with the amount of your purchase.
opposite credit
Collocations Finance
FinanceIncome
- earn money/cash/(informal) a fortune/the minimum wage/a living wage
- make money/a fortune/(informal) a killing on the stock market
- acquire/inherit/amass wealth/a fortune
- build up funds/savings
- get/receive/leave (somebody) an inheritance/a legacy
- live on a low wage/a fixed income/a pension
- get/receive/draw/collect a pension
- depend/be dependent on (British English) benefits/(North American English) welfare/social security
Expenditure
- spend money/your savings/(informal) a fortune on…
- invest/put your savings in…
- throw away/waste/ (informal) shell out money on…
- lose your money/inheritance/pension
- use up/ (informal) wipe out all your savings
- pay (in) cash
- use/pay by a credit/debit/contactless card
- pay by/make out a/write somebody a/accept a (British English) cheque/(US English) check
- change/exchange money/currency
- give/pay/leave (somebody) a deposit
Banks
- have/hold/open/close/freeze a bank account/an account
- credit/debit/pay something into/take money out of your account
- deposit money/funds in your account
- withdraw money/cash/£30 from an ATM, etc.
- (formal) make a deposit/withdrawal
- find/go to/use (especially North American English) an ATM/(British English) a cash machine/dispenser
- be in credit/in debit/in the black/in the red/overdrawn
- use a mobile/an online banking app/platform/service
Personal finance
- manage/handle/plan/run/ (especially British English) sort out your finances
- plan/manage/work out/stick to a budget
- offer/extend credit (to somebody)
- arrange/take out a loan/an overdraft
- pay back/repay money/a loan/a debt
- pay for something in (especially British English) instalments/(North American English usually) installments
Financial difficulties
- get into debt/financial difficulties
- be short of/ (informal) be strapped for cash
- run out of/owe money
- face/get/ (informal) be landed with a bill for £…
- can’t afford the cost of…/payments/rent
- fall behind with/ (especially North American English) fall behind on the mortgage/repayments/rent
- incur/run up/accumulate debts
- tackle/reduce/settle your debts
Oxford Collocations Dictionary
Debit is used with these nouns as the object:
account
See full entry
Word Originlate Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’, past participle of debere ‘owe’. The verb sense dates from the 17th cent.; the current noun sense from the late 18th cent.