Definition, Meaning & Anagrams | English word DEBIT

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Definitions of 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.
3. To make an entry on the debit side of an account.
4. To record a receivable in the bookkeeping.
5. of or relating to process of taking money from an account
6. of or relating to the debit card function of a debit card rather than its often available credit card function

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