debit noun definition in Banking topic from the Oxford Advanced Learner's Dictionary


 noun: Banking topic
1 a written note in a bank account or other financial record of a sum of money owed or spent on the debit side of an account (figurative) On the debit side (= a negative result will be that) the new shopping centre will increase traffic problems. 2 a sum of money taken from a bank account The total debits on the account were £2 000 last month.

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