Debiting: meaning, definitions and examples
๐ณ
debiting
[ หdษbษชtษชล ]
banking transaction
Debiting refers to the process of deducting money from a bank account or financial account. This could be related to various activities such as processing payments, withdrawing funds, or recording an expense. Typically, when a transaction is debited, the amount is subtracted from the available balance in the account. It is an important aspect of accounting and personal finance, providing a clear record of outflows.
Synonyms
deducting, removing, subtracting.
Examples of usage
- I noticed the bank is debiting my account for the monthly subscription.
- The store will be debiting your card once you complete the purchase.
- Debiting your account immediately will help you track your spending.
Translations
Translations of the word "debiting" in other languages:
๐ต๐น dรฉbito
๐ฎ๐ณ เคกเฅเคฌเคฟเคเคฟเคเค
๐ฉ๐ช Belastung
๐ฎ๐ฉ debit
๐บ๐ฆ ะดะตะฑะตััะฒะฐะฝะฝั
๐ต๐ฑ obciฤ ลผenie
๐ฏ๐ต ใใใใ
๐ซ๐ท dรฉbit
๐ช๐ธ dรฉbito
๐น๐ท banka borcu
๐ฐ๐ท ์ฐจ๋ณ
๐ธ๐ฆ ุฎุตู
๐จ๐ฟ debet
๐ธ๐ฐ debetovanie
๐จ๐ณ ๅ่ฎฐ
๐ธ๐ฎ debitiranje
๐ฎ๐ธ debรญt
๐ฐ๐ฟ ะดะตะฑะธััะตั
๐ฌ๐ช แแแแแกแ
๐ฆ๐ฟ debitor
๐ฒ๐ฝ dรฉbito
Etymology
The term 'debit' derives from the Latin word 'debere', meaning 'to owe'. It originally referred to an entry on the left side of an account in bookkeeping, reflecting the amounts owed. The concept evolved over centuries, becoming central to accounting practices. The term 'debit' entered English financial terminology in the 15th century, coinciding with the rise of double-entry bookkeeping systems, which were popularized by Luca Pacioli, an Italian mathematician. Since then, 'debiting' has become a standard term in banking and finance, widely used to indicate the reduction of funds in an account.
Word Frequency Rank
This word's position of #33,954 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.
- ...
- 33951 resettling
- 33952 overreact
- 33953 undischarged
- 33954 debiting
- 33955 oxyacetylene
- 33956 boob
- 33957 bedevilled
- ...