noun🔗ShareIn 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."businessfinanceeconomytoeicChat with AIVocabulary GamePractice Reading
noun🔗ShareA 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."My bank account showed a debit of $50 after I paid for my son's school supplies. "businessfinanceeconomytoeicChat with AIVocabulary GamePractice Reading
verb🔗ShareTo make an entry on the debit side of an account."The store manager had to debit my account for the returned item. "businessfinanceeconomytoeicChat with AIVocabulary GamePractice Reading
verb🔗ShareTo record a receivable in the bookkeeping."We shall debit the amount of your purchase to your account."businessfinanceeconomytoeicChat with AIVocabulary GamePractice Reading
adjective🔗ShareOf or relating to process of taking money from an account"The debit card allows for easy withdrawal of funds from your account. "businessfinancetoeicChat with AIVocabulary GamePractice Reading
adjective🔗ShareOf or relating to the debit card function of a debit card rather than its often available credit card function"The store only accepts debit transactions; it doesn't offer credit. "financebusinesseconomytoeicChat with AIVocabulary GamePractice Reading
