The AI-powered English dictionary
countable and uncountable, plural debits
In bookkeeping, an entry in the left hand column of an account. examples
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. examples
third-person singular simple present debits, present participle debiting, simple past and past participle debited
To make an entry on the debit side of an account. quotations examples
The economist also observed that some of the Victoria Line's cost should be debited to existing lines, as they would benefit from the rebuilding of their interchange stations with the new tube.
1962 October, “The Victoria Line”, in Modern Railways, page 217
To record a receivable in the bookkeeping. examples
not comparable
of or relating to process of taking money from an account examples
of or relating to the debit card function of a debit card rather than its often available credit card function examples