Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Accounting An item of debt as recorded in an account.
  • n. Accounting The left-hand side of an account or accounting ledger where bookkeeping entries are made.
  • n. Accounting An entry of a sum in the left-hand side of an account.
  • n. Accounting The sum of such entries.
  • n. A drawback; a detriment.
  • transitive v. To enter (a sum) on the left-hand side of an account or accounting ledger.
  • transitive v. To charge with a debit: The bank debited my account for the overdrawn check.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. In bookkeeping, an entry in the left hand column of an account to record a debt.
  • n. A sum of money taken out of an account.
  • v. To make an entry on the debit side of an account.
  • v. To remove a sum of money from an account as a payment.
  • adj. of or relating to process of taking money from an account

from the GNU version of the Collaborative International Dictionary of English

  • n. A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively.
  • transitive v. To charge with debt; -- the opposite of, and correlative to, credit.
  • transitive v. To enter on the debtor (Dr.) side of an account.

from The Century Dictionary and Cyclopedia

  • To charge with as a debt: as, to debit a purchaser the amount of goods sold.
  • To enter on the debtor side of a book: as, to debit the sum or amount of goods sold.
  • n. That which is entered in an account as a debt; a recorded item of debt: as, the debits exceed the credits.
  • n. That part of another's account in which one enters any article of goods furnished or money paid to or on account of that other: as, place that to my debit.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. an accounting entry acknowledging sums that are owing
  • v. enter as debit

Etymologies

Middle English debite, from Latin dēbitum, debt; see debt.
(American Heritage® Dictionary of the English Language, Fourth Edition)
From Latin debilitum ("what is owed, a debt"), neuter past participle of debere ("to owe"); see debt. (Wiktionary)

Examples

  • Visa, which has a larger market share in debit cards, benefits more from their usage for expenses including groceries and gasoline.

    Visa Earnings Rise 51%

  • Meanwhile, Citigroup began charging 3% of the transaction for certain debit card purchases and ATM withdrawals made outside the U.S. last year, up from 2% — and in line with the company's fees for foreign credit card transactions.

    Banks find ways to boost fees; checking accounts latest target

  • The abandoning of conservative ideals under President Bush — debit is wealth, up is down, black is white — and his failure to locate a successor has left the party morally and politically adrift.

    Waldo Jaquith - Poll: Americans reject the Republican Party.

  • I think the debit is what I now have, requires a PIN and cannot be used as a credit card, but I could have it backwards.

    Citibank/Banamex ATMs

  • Volunteers handed out as much as $2 million each in debit cards per day.

    Being of service...

  • The functionality is like a private label debit card, or from another perspective a loyalty card.

    Mindark, I’m sorry…

  • Cash Store Financial also provides a private-label debit card (the Freedom card) and a prepaid credit card (the Freedom MasterCard) as well as other financial services, including bank accounts.

  • Cash Store Financial also provides a private-label debit card (the Freedom card) and a prepaid credit card (the Freedom MasterCard) as well as other financial services.

    The Earth Times Online Newspaper

  • Woolworths announced on Thursday the change, which will affect scheme debit cards issued by banks and credit unions that feature either the Visa or MasterCard logo as well as the word debit to differentiate them from credit cards.

    TradingMarkets

  • The study found that consumers would first react to the institution of fees by turning to the use of cash but could be kept in the preferred electronic payments realm if merchants were to offer private label debit cards with no fees and rewards.

    Business Wire Travel News

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