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debit


1deb·it

verb \ˈde-bət\

Definition of DEBIT

transitive verb
: to enter upon the debit side of an account : charge with a debit
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Examples of DEBIT

  1. The bank mistakenly debited my account $200!
  2. Your account will automatically be debited for the amount of your insurance bill every month.

First Known Use of DEBIT

1682

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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Previous Word in the Dictionary: debility
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