Looking for the meaning of the word DEBIT in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of DEBIT with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Debit
Speech Type: Noun
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
an entry recording a sum owed, listed on the left-hand side or column of an account
Short Definition:entry showing sum owed
Examples:- a double-entry system of bookkeeping, where each debit has a corresponding credit entry
Word: Debit
Speech Type: Verb
ˈdɛbɪt
(of a bank or other financial organization) remove (an amount of money) from a customer's account
Short Definition:make payment of
Examples:- $10,000 was debited from their account
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