debit verb - 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

verb [T]
 
 
/ˈdebɪt/
BANKING to take or pay money out of a bank account, etc.: Your account will be debited as soon as your order has been shipped.debit an account/card with sth By agreeing to these conditions, you give permission for us to debit your credit card with the amount stated above.debit sth from sb’s account She later discovered that the bank had accidentally debited $517.23 from her account twice.
ACCOUNTING to record an amount 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 this is done on the left-hand side (= the debit side) of the accounts.
→  Compare credit
Translations of “debit”
in Korean 돈을 인출하다…
in Arabic يَدين…
in Portuguese debitar…
in Catalan carregar, cobrar…
in Japanese (銀行口座)からお金を引き落とす…
in Italian addebitare…
in Chinese (Traditional) 借記…
in Russian снимать со счета…
in Turkish hesaptan para çekmek…
in Chinese (Simplified) 借项, 借记…
in Polish potrącać…
(Definition of debit verb 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

disappear off the face of the earth

to disappear completely

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