Definition of debit noun from the Oxford Advanced Learner's Dictionary

     

    debit

     noun
    noun
    BrE BrE//ˈdebɪt//
     
    ; NAmE NAmE//ˈdebɪt//
     
    Banking
     
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  1. 1a 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. See related entries: Banking
  2. 2a sum of money taken from a bank account The total debits on the account were £2 000 last month. See related entries: Banking
  3. opposite credit see also direct debit
    Wordfinderaccount, balance, bank, credit, debit, deposit, interest, loan, statement, withdrawal Word Origin late Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’, past participle of debere ‘owe’. The verb sense dates from the 17th cent.; the current noun sense from the late 18th cent.
See the Oxford Advanced American Dictionary entry: debit

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