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debit
Definitions
[ˈdɛbɪt], (Noun)
Definitions:
- an entry recording a sum owed, listed on the left-hand side or column of an account
(e.g: a double-entry system of bookkeeping, where each debit has a corresponding credit entry)
Phrases:
- be in debit
- the debit side
Origin
:
late Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’ (see debt). The verb sense dates from the 17th century; the current noun sense from the late 18th century
[ˈdɛbɪt], (Verb)
Definitions:
- (of a bank or other financial organization) remove (an amount of money) from a customer's account
(e.g: $10,000 was debited from their account)
Phrases:
- be in debit
- the debit side
Origin
:
late Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’ (see debt). The verb sense dates from the 17th century; the current noun sense from the late 18th century
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definition by Oxford Dictionaries