Debit: meaning, definitions and examples

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debit

[ ˈdɛbɪt ]

^{Context #1}

banking

An entry recording a sum received, listed on the left-hand side or column of an account.

Synonyms

charge, expense, withdrawal

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.

^{Context #2}

finance

To remove an amount of money from a bank account.

Synonyms

deduct, subtract, withdraw

Examples of usage

They will debit your account for the monthly subscription fee.
Make sure to debit the correct amount from the customer's account.

Translations

Translations of the word "debit" in other languages:

🇵🇹 débito

🇮🇳 डेबिट

🇩🇪 Lastschrift

🇮🇩 debit

🇺🇦 дебет

🇵🇱 debet

🇯🇵 デビット

🇫🇷 débit

🇪🇸 débito

🇹🇷 borç

🇰🇷 차변

🇸🇦 مدين

🇨🇿 debet

🇸🇰 debet

🇨🇳 借方

🇸🇮 debet

🇮🇸 debet

🇰🇿 дебет

🇬🇪 დებიტი

🇦🇿 debet

🇲🇽 débito

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.