debit definition

  • noun:
    • Accounting a product of debt as recorded in a merchant account.
    • Accounting The left-hand side of a merchant account or bookkeeping ledger where accounting entries are produced.
    • Accounting An entry of a sum in left-hand side of a free account.
    • Accounting The sum of such entries.
    • A drawback; a detriment.
    • In bookkeeping, an entry when you look at the left-hand line of a merchant account to capture a debt.
    • A sum of income removed from a free account.
    • A debt; an entry from the debtor (Dr.) part of a merchant account; -- mainly used adjectively.
    • what is registered in a merchant account as a debt; a recorded product of financial obligation: as, the debits exceed the credits.
    • That element of another's account in which one gets in any article of products furnished or money paid to or because of that various other: because, destination that to my debit.
    • an accounting entry acknowledging amounts that are owing
  • verb-transitive:
    • To enter (a sum) regarding left-hand side of an account or bookkeeping ledger.
    • To charge with a debit: the lender debited my account for the overdrawn check.
    • To charge with debt; -- the alternative of, and correlative to, credit.
    • To enter from the debtor (Dr.) side of a free account.
  • verb:
    • to produce an entry regarding the debit side of an account.
    • To remove a sum of money from a merchant account as a payment.
    • enter as debit
  • adjective:
    • of or associated with procedure of using funds from a merchant account
  • others:
    • To charge with as a debt: as, to debit a purchaser the actual quantity of products sold.
    • To enter on debtor side of a novel: as, to debit the amount or amount of items offered.

Related Sources

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