Debit

Adjective

  • 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
  • of or relating to process of taking money from an account

Noun

  • 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.
  • 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."

Verb

  • To record a receivable in the bookkeeping.

    "We shall debit your account for the amount of the purchase."

  • To make an entry on the debit side of an account.
  • To record a receivable in the bookkeeping.

    "We shall debit the amount of your purchase to your account."

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