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Webster 1913 Edition


Debit

Deb′it

,
Noun.
[L.
debitum
what is due, debt, from
debere
to owe: cf. F.
débit
. See
Debt
.]
A debt; an entry on the debtor (Dr.) side of an account; – mostly used adjectively;
as, the
debit
side of an account
.

Deb′it

,
Verb.
T.
[
imp. & p. p.
Debited
;
p. pr. & vb. n.
Debiting
.]
1.
To charge with debt; – the opposite of, and correlative to, credit;
as, to
debit
a purchaser for the goods sold
.
2.
(Bookkeeping)
To enter on the debtor (Dr.) side of an account;
as, to
debit
the amount of goods sold
.

Webster 1828 Edition


Debit

DEB'IT

,
Noun.
[L. debitum, from debeo, to owe.] Debt. It is usually written debt. But it is used in mercantile language, as the debit side of an account.

DEB'IT

, v.t.

Definition 2023


debit

debit

See also: débit

English

Noun

debit (countable and uncountable, plural debits)

  1. In bookkeeping, an entry in the left hand column of an account.
    A cash sale is recorded as debit on the cash account and as credit on the sales account.
  2. 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.

Derived terms

Related terms

Translations

See also

Verb

debit (third-person singular simple present debits, present participle debiting, simple past and past participle debited)

  1. To make an entry on the debit side of an account.
  2. To record a receivable in the bookkeeping.
    We shall debit your account for the amount of the purchase.
    We shall debit the amount of your purchase to your account.

Translations

Adjective

debit (not comparable)

  1. of or relating to process of taking money from an account
  2. of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees

Antonyms

Derived terms

Translations

External links

  • debit in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913
  • debit in The Century Dictionary, The Century Co., New York, 1911

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