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

air force

the part of a country's military forces that uses aircraft and fights in the air

Word of the Day

Go ahead! (Phrasal verbs with ‘go’)

by Kate Woodford,
May 06, 2015
​​​ Every few weeks, we focus on phrasal verbs that are formed with a particular verb. This week, we’re looking at phrasal verbs that start with the verb ‘go’. As ever, we present a range of the most useful and common phrasal verbs. Some of the most common ‘go’ phrasal verbs are easy

Read More 

Evel abbreviation

May 04, 2015
English votes for English laws; the idea that only English (as opposed to Scottish, Welsh or Irish) MPs should be allowed to vote for laws that affect only England Yet these are the two principal constitutional proposals that have come from the Conservative party in its kneejerk response to Ukip’s English nationalism and

Read More