American English

Definition of debit noun from the Oxford Advanced American Dictionary



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  1. 1a sum of money taken from a bank account The total debits on the account were $2,000 last month.
  2. 2a 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 center will increase traffic problems. opposite credit see also direct debit
See the Oxford Advanced Learner's Dictionary entry: debit

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