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Debit Common

Debit has 5 different meanings across 2 categories:

Noun · Verb

Definitions
Noun
1

an accounting entry acknowledging sums that are owing

"The accountant recorded a debit to reflect the outstanding balance on the client's invoice."

2

In bookkeeping, an entry in the left hand column of an account.

"The accountant recorded a debit to the cash column when the customer paid their invoice."

In plain English: A debit is money taken out of your account to pay for something you bought.

"The debit on my bank statement showed that I had spent twenty dollars at the grocery store."

Usage: As a noun, "debit" refers specifically to the amount taken out of your bank account rather than the total balance remaining. Use this term when describing individual transactions or charges that reduce funds in bookkeeping records and financial statements.

Verb
1

enter as debit

"The accountant entered the transaction as a debit to reflect the increase in the asset account."

2

To make an entry on the debit side of an account.

"The accountant debited the client's account to record the payment they had made."

In plain English: To debit something means to take money out of an account and record it as owed by you.

"The bank automatically debits your account when you buy groceries with your card."

Adjective
1

of or relating to process of taking money from an account

"The debit transaction removed fifty dollars from my checking account balance."

In plain English: Debit describes something that is owed to you rather than being owned by you.

"The debit balance in my account means I have spent more money than is available."

Example Sentences
"The debit balance in my account means I have spent more money than is available." adj
"The debit on my bank statement showed that I had spent twenty dollars at the grocery store." noun
"The bank automatically debits your account when you buy groceries with your card." verb
Related Terms
Antonyms
Broader Terms (hypernyms)
Narrower Terms (hyponyms)

Origin

The word "debit" comes from the Middle French debet, which was borrowed from the Latin phrase meaning "what is owed." It entered English as a doublet of the word "debt," sharing the same root concept of owing money.

Rhyming Words
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