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Definition of debit verb from the Oxford Advanced American Dictionary

 

debit

 verb
verb
NAmE//ˈdɛbət//
 
debit somethingVerb Forms present simple I / you / we / they debit
 
 he / she / it debits
 
 past simple debited
 
 -ing form debiting
 
 
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when a bank debits an account, it takes money from it The money will be debited from your account each month. opposite credit The bank will debit your account with any withdrawals made using your ATM card.
See debit in the Oxford Advanced Learner's Dictionary
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