DEBIT Definition & Meaning - Merriam-Webster
The meaning of DEBIT is to enter upon the debit side of an account : charge with a debit. How to use debit in a sentence.

Understanding Debits and Credits in Accounting - Investopedia
A debit in accounting signifies that a company has more of things it owns or owes less to others.

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Debits and credits definition — AccountingTools
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry, and is offset by one or more credits.

Debits and credits - Wikipedia
Whether a debit increases or decreases an account's net balance depends on what kind of account it is. The basic principle is that the account receiving benefit is debited, while the account giving benefit is credited.

What Is a Debit? Cards, Charges, and Account Debits - Firstcard
A debit is any transaction that pulls money out of an account. The word covers debit cards in your wallet, ACH debits that pay your bills, and accounting debits used in bookkeeping.

DEBIT definition and meaning | Collins English Dictionary
A debit is a record of the money taken from your bank account, for example when you write a cheque. The total of debits must balance the total of credits.

Debit - definition of debit by The Free Dictionary
To enter (a sum) on the left-hand side of an account or accounting ledger. 2. To charge with a debit: If you use an ATM, the bank will debit your account immediately. [Middle English debite, from Latin dēbitum, debt; see debt.] American Heritage® Dictionary of the English Language, Fifth Edition.

What Does Debit Mean In Banking? - Robots.net
But what exactly does debit mean? In its simplest form, debit refers to the deduction of funds from a bank account. When a transaction is made using a debit card, the corresponding amount is immediately taken from the available balance in the associated bank account.

DEBIT Definition & Meaning | Dictionary.com
A debit is a payment made or charged, or the notation of the amount charged. Trying to track down the mysterious $2 debit to your bank account is almost never fruitful, but you’re bound to do it anyway.