Other

debit

Syllabification: (deb·it)

Pronunciation: /ˈdebit/

Translate debit | into French | into German | into Italian | into Spanish

Definition of debit

noun

an entry recording an amount owed, listed on the left-hand side or column of an account. The opposite of credit.
a payment made or owed.

verb (debits, debiting, debited)

[with object] (usually be debited)

(of a bank or other financial organization) remove (an amount of money) from a customer’s account, typically as payment for services or goods:$10,000 was debited from their account
remove an amount of money from (a bank account):the tag on the rear window automatically activates the pump and debits any major credit card

Phrases

on the debit side: as an unsatisfactory aspect of the situation:on the debit side, they predict a rise in book prices

Origin:

late Middle English (in the sense 'debt'): from French débit, from Latin debitum 'something owed' (see debt). The verb sense dates from the 17th century; the current noun sense from the late 18th century

Spelling rule

Do not double the final consonant when adding endings that begin with a vowel to a word that ends in a vowel plus a consonant, if the stress is not at the end of the word (as in target): (debits, debiting, debited).

debit in other Oxford dictionaries

Definition of debit in the British & World English dictionary

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