Definition and Meanings for debit
·This dictionary definitions come from open dictionary GNU Collaborative International Dictionary of English.
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Debit is ranked 26,500 in the ranking of most used words in English
Part of Speech of debit
noun, transitive verb, imperfect, past participle, present participle, verbal noun
Etymology of debit
Meaning of debit
- a debt; an entry on the debtor (dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
as transitive verb, imperfect, past participle, present participle, verbal noun
- to charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.
- to enter on the debtor (dr.) side of an account; as, to debit the amount of goods sold.