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debit Definition

debit (debit)

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

debit Synonyms

debit

n.

entry, deficit, indebtedness, obligation, liability, arrears, account, accounts collectible, bills, amount due, amount payable, charge; see also debt 1.

Antonyms credit*, tally*, settlement.

debit Usage Examples

Object

  • card: Always use your credit card - not debit card.

Converse of object

  • cancel: You can cancel a direct debit at any time by writing to your bank or building society.
  • accept: Some building society accounts may not accept direct debits.

Converse of subject

  • pay: They may be paid monthly by direct debit - a service charge is added.
  • collect: This notice will inform members how much they owe or how much will be collected by direct debit over what period.

Adjective modifier

  • direct: Payments made by monthly direct debit are subject to an interest charge.
  • monthly: Payments made by monthly direct debit are subject to an interest charge.
  • major: All major debit or credit cards are widely accepted.
  • variable: SDLT will be collected by the Agency by variable direct debit.

Modifies a noun

  • card: Use your bank debit card or your credit card to pay over the internet.
  • mandate: By Direct Debit - click on the links in the box at the right to access the direct debit mandate form.
  • payment: You can also use your card to make debit payments where you see the Visa Electron sign.
  • transaction: How secure is my credit / debit card transaction?
  • issuer: HBOS current issues approximately 5 million debit cards per annum, making it one of the largest debit card issuers in the UK.
  • balance: The official receiver may incur a small debit balance for agent's costs to advise on the value of property.

Modifying Another Word

  • automatically: Please note that we do not automatically debit your credit cards at time of order.

Noun used with modifier

  • pension: Internal transfer A pension sharing order will create a pension debit against the scheme member in favor of the spouses pension rights.
  • visa: Sainsbury's gives cashback on visa debit, switch and electron cards.
  • rent: The records are updated for rent debits, cash receipts and tenancy changes.
  • bank: Use your bank debit card or your credit card to pay over the internet.

Browse dictionary entries near debit

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