debit noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “debit”

See all translations

debit

noun
 
 
/ˈdebɪt/
[C] BANKING an amount of money that is taken out of a bank account, etc.: Once your contract with them ends, the company should no longer take monthly debits from your account. The statement showed a debit of £350 on January 22. →  Compare credit
[U] BANKING the system of taking money from a bank account, etc., for example, by using a debit card: When you swipe your card at the checkout line, you'll be asked if you want to pay by debit or credit. debit payment/transaction/purchase I had lost the original invoice but I still had the debit receipt. →  See also direct debit
[C] ( abbreviation Deb, deb) ACCOUNTING an amount recorded that is recorded in a company's financial accounts which represents money that has been used to pay an expense or buy an asset. In double-entry bookkeeping debits are recorded on the left-hand side (= the debit side) of the accounts: One of the principles of accounting is that the debits recorded in a ledger should equal or balance the credits in it. →  Compare credit
in debit BANKING if a bank account, etc. is in debit, more money has been taken out of it than was originally put into it or paid: These transactions had put his account in debit.
Translations of “debit”
in Arabic دَين…
in Korean 인출액…
in Malaysian catatan akaun hutang…
in French débit…
in Turkish hesaptan çekilen para…
in Italian addebito…
in Chinese (Traditional) 借項…
in Russian дебет…
in Polish wypłata, debet…
in Vietnamese sự ghi nợ…
in Spanish débito…
in Portuguese débito…
in Thai รายการของเงินที่ถูกหักจากบัญชี…
in German die Belastung…
in Catalan càrrec, dèbit…
in Japanese (お金の)引落とし…
in Indonesian debet…
in Chinese (Simplified) 借项, 借记…
(Definition of debit noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of debit?
Add Cambridge dictionaries to your browser to your website

Definitions of “debit” in other dictionaries

Word of the Day

Morse code

a system used for sending messages, in which letters and numbers are represented by short and long marks, sounds, or flashes of light

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More