debit Hear it!

debit definition

debit (deb′it)

noun

  1. Accounting
    1. the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
    2. such an entry
    3. the sum of such entries
    4. a sum deducted from one's bank account, as for a check
  2. a disadvantage or shortcoming

Etymology: LME & OFr debite < L debitum, what is owing, debt; neut. pp. of debere: see debt

transitive verb

to enter as a debit or debits; enter on the left-hand side of an account

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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