Associations to the word «Debit»

DEBIT, noun. In bookkeeping, an entry in the left hand column of an account.

DEBIT, noun. A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

DEBIT, verb. To make an entry on the debit side of an account.

DEBIT, verb. To record a receivable in the bookkeeping.

DEBIT, adjective. Of or relating to process of taking money from an account

DEBIT, adjective. Of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees

DEBIT CARD, noun. A card much like a credit card, but which takes money directly from the bank account, rather than borrowing the money from the issuer of the card.

DEBIT CARDS, noun. Plural of debit card

DEBIT, noun. An accounting entry acknowledging sums that are owing.

DEBIT, verb. Enter as debit.