Debit: meaning, definitions and examples
๐ณ
debit
[ หdษbษชt ]
banking
An entry recording a sum received, listed on the left-hand side or column of an account.
Synonyms
Examples of usage
- Please make sure to check your debits and credits regularly.
- The debit amount will be deducted from your account balance.
- I noticed a discrepancy in the debit column of my bank statement.
Translations
Translations of the word "debit" in other languages:
๐ต๐น dรฉbito
๐ฎ๐ณ เคกเฅเคฌเคฟเค
๐ฉ๐ช Lastschrift
๐ฎ๐ฉ debit
๐บ๐ฆ ะดะตะฑะตั
๐ต๐ฑ debet
๐ฏ๐ต ใใใใ
๐ซ๐ท dรฉbit
๐ช๐ธ dรฉbito
๐น๐ท borรง
๐ฐ๐ท ์ฐจ๋ณ
๐ธ๐ฆ ู ุฏูู
๐จ๐ฟ debet
๐ธ๐ฐ debet
๐จ๐ณ ๅๆน
๐ธ๐ฎ debet
๐ฎ๐ธ debet
๐ฐ๐ฟ ะดะตะฑะตั
๐ฌ๐ช แแแแแขแ
๐ฆ๐ฟ debet
๐ฒ๐ฝ dรฉbito
Word origin
The word 'debit' originated from the Latin word 'debere', which means 'to owe'. It was first used in the English language in the mid-15th century. The concept of debits and credits in accounting dates back to the 15th century when double-entry bookkeeping was developed by Luca Pacioli, an Italian mathematician. Debits are traditionally shown on the left side of an account, while credits are shown on the right side. Over the years, the term 'debit' has become widely used in the financial and banking sectors to denote the removal of funds from an account.
See also: debitable.