debit - Wiktionary, the free dictionary (original) (raw)

From Wiktionary, the free dictionary

Borrowed from Middle French debet, from Latin debitum (“what is owed, a debt”), neuter of debitus, past participle of debere (“to owe”); Doublet of debt.

debit (countable and uncountable, plural debits)

In bookkeeping, an entry in the left hand column of an account.
A cash sale is recorded as debit on the cash account and as credit on the sales account.
A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

in bookkeeping, an entry in the left hand column of an account

sum of money taken out of a bank account

debit (third-person singular simple present debits, present participle debiting, simple past and past participle debited)

To make an entry on the debit side of an account.
- 1962 October, “The Victoria Line”, in Modern Railways, page 217:
  The economist also observed that some of the Victoria Line's cost should be debited to existing lines, as they would benefit from the rebuilding of their interchange stations with the new tube.
To record a receivable in the bookkeeping.
We shall debit your account for the amount of the purchase.
We shall debit the amount of your purchase to your account.

to make an entry on the debit side of an account

debit (not comparable)

of or relating to process of taking money from an account
of or relating to the debit card function of a debit card rather than its often available credit card function (Can we add an example for this sense?)

of or relating to taking money from an account

of or relating to debit card function

From Dutch debiet (“discharge, flowrate”), from French débit (“flow, rate of flow, discharge”), from Latin dēbitum (“what is owed, a debt”).

débit (plural **debit-debit)

A semantic loan from English debit, from Middle French debet (Modern French débit), from Latin dēbitum (“what is owed, a debt”).

débit (plural **debit-debit)

(accounting) debit:
1. in bookkeeping, an entry in the left hand column of an account
2. a sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer
(accounting) receivable: a debt owed, usually to a business, from the perspective of that business
Synonym: piutang

The word is part of false friends between Standard Malay and Indonesian due to shared etymology. The Brunei, Malaysia and Singapore usage can be seen in Malay debit.

debit n (plural debite)