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Definition of "debit" []

  • Accounting An item of debt as recorded in an account. (noun)
  • Accounting The left-hand side of an account or accounting ledger where bookkeeping entries are made. (noun)
  • Accounting An entry of a sum in the left-hand side of an account. (noun)
  • Accounting The sum of such entries. (noun)
  • A drawback; a detriment. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "debit" in a sentence
  • "Visa, which has a larger market share in debit cards, benefits more from their usage for expenses including groceries and gasoline."
  • "Meanwhile, Citigroup began charging 3% of the transaction for certain debit card purchases and ATM withdrawals made outside the U.S. last year, up from 2% — and in line with the company's fees for foreign credit card transactions."
  • "The abandoning of conservative ideals under President Bush — debit is wealth, up is down, black is white — and his failure to locate a successor has left the party morally and politically adrift."