Meaning of “debit” in the English Dictionary

"debit" in British English

See all translations

debitnoun [ C or U ]

uk /ˈdeb.ɪt/ us /ˈdeb.ɪt/

B2 (a record of) money taken out of a bank account:

The account was in debit at the end of the month (= more money had been spent than was in the account at that time).
Debits are shown in the left-hand column.
Compare

debitverb [ T ]

uk /ˈdeb.ɪt/ us /ˈdeb.ɪt/

(Definition of “debit” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"debit" in American English

See all translations

debitnoun [ C/U ]

us /ˈdeb·ɪt/

money taken out of a financial account, or a record of money taken

debit
verb [ T ] us /ˈdeb·ət/

We have debited your account $30.

(Definition of “debit” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"debit" in Business English

See all translations

debitnoun

uk /ˈdebɪt/ us

[ 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

[ 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.
I had lost the original invoice but I still had the debit receipt.
See also

[ 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
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.

debitverb [ T ]

uk /ˈdebɪt/ us

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

(Definition of “debit” from the Cambridge Business English Dictionary © Cambridge University Press)