debit

verb
deb·​it | \ ˈde-bət How to pronounce debit (audio) \
debited; debiting; debits

Definition of debit

 (Entry 1 of 2)

transitive verb

: to enter upon the debit side of an account : charge with a debit

debit

noun

Definition of debit (Entry 2 of 2)

1a : a record of an indebtedness specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account
b : the sum of the items entered as debits
2 : a charge against a bank deposit account

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Examples of debit in a Sentence

Verb The bank mistakenly debited my account $200! Your account will automatically be debited for the amount of your insurance bill every month. Noun I forgot to enter some of the debits in my bank account register. The account's credits were added and the debits subtracted. a $30 debit for groceries
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Recent Examples on the Web: Verb Many people, worried about taking on new debt in an uncertain job market, switched to debit cards. Annamaria Andriotis, WSJ, "Goldman Sachs Is Vying for JetBlue’s Credit-Card Business," 18 Mar. 2021 Paper checks will continue to be sent out through January, as will debit cards. Leada Gore | Lgore@al.com, al, "Second stimulus check: Didn’t get your payment? Have stimulus questions? Bank account changes?," 5 Jan. 2021 That means that your payment will be debited from your bank account, rather than adding to your credit card balance. Aimee Picchi, USA TODAY, "Coronavirus comfort buying: Stress shopping is a real thing. Don’t let it hurt your finances," 6 June 2020 The purchases are automatically debited from your checking account. cleveland, "When is it OK to give your driver license to a business? — Money Matters," 16 Feb. 2020 When drivers pass under overhead gantries, their E-ZPass account will be debited the amount of the trip. Washington Post, "Tolling on 395 Express Lanes starts Sunday. Here’s what you need to know.," 16 Nov. 2019 When drivers pass under overhead gantries, their E-ZPass account will be debited the amount of the trip. Washington Post, "Tolling on 395 Express Lanes starts Sunday. Here’s what you need to know.," 16 Nov. 2019 When drivers pass under overhead gantries, their E-ZPass account will be debited the amount of the trip. Washington Post, "Tolling on 395 Express Lanes starts Sunday. Here’s what you need to know.," 16 Nov. 2019 Payday lenders peddle small-dollar loans, available right away, then debit the amount borrowed, plus a financing fee, on the borrower’s next payday. Sidney Fussell, The Atlantic, "The New Payday Loan Looks a Lot Like the Old Payday Loan," 18 Dec. 2019 Recent Examples on the Web: Noun Before integrating PayPal, Coinbase supported various payment options, including debit cards and transfers from bank accounts. Chris Smith, BGR, "Coinbase lets you pay for bitcoin and other cryptos with PayPal," 30 Apr. 2021 The crypto company has struck a deal with PayPal that will allow people to buy digital currency using debit cards and bank accounts that are linked to PayPal. Chris Morris, Fortune, "Coinbase makes it easier to buy cryptocurrency using PayPal," 29 Apr. 2021 If paid by e-check, there is no fee, but there is a convenience charge of 2.35% if a credit card is used and 1.15% for debit cards, a news release said. chicagotribune.com, "Elgin News Digest: Kane property tax bills to be mailed April 30; Hands Around the Courthouse happens April 29; blood drive happening May 1 at Pottawatomie Community Center," 21 Apr. 2021 As digital banks fight for space in an increasingly overcrowded market, debit cards have ranged from plastic to metal to wood to virtual and beyond. Bill Hardekopf, Forbes, "This Week In Credit Card News: Why Banks Are Seeing Huge Profits; Crackdowns Coming For Cryptocurrencies?," 16 Apr. 2021 Gonzalez noted there have been widespread reports of debit cards being stolen, hacked or issued to fraudulent claims without the knowledge of the person whose name is on the cards. Patrick Mcgreevy, Los Angeles Times, "Lawmakers push reforms at state unemployment agency as the jobless face new delays," 15 Apr. 2021 The vast bulk of that increase still is coming via debit cards, which don’t add to card-loan balances, though the first quarter did start to register growth in credit-card spending versus the comparable period in 2019. Telis Demos, WSJ, "Americans Are Spending, Not Borrowing. That’s a Problem for Banks," 15 Apr. 2021 None of my bank accounts existed anymore, my debit cards were untethered, their ties fluttered in the wind. Jonas Eika, The New Yorker, "Alvin," 12 Apr. 2021 Bank of America was hired by the California Unemployment Development Department, which administers unemployment, to provide the debit cards. Carolyn Said, San Francisco Chronicle, "Victims of EDD debit card fraud say Bank of America made it too difficult to get help recouping stolen funds," 2 Apr. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'debit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of debit

Verb

1668, in the meaning defined above

Noun

1746, in the meaning defined at sense 1a

History and Etymology for debit

Noun

Latin debitum debt

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Statistics for debit

Last Updated

30 Mar 2021

Cite this Entry

“Debit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debit. Accessed 7 May. 2021.

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More Definitions for debit

debit

verb

English Language Learners Definition of debit

 (Entry 1 of 2)

: to take money from (an account)

debit

noun

English Language Learners Definition of debit (Entry 2 of 2)

: an amount of money that is taken from an account

debit

verb
deb·​it | \ ˈde-bət How to pronounce debit (audio) \
debited; debiting

Kids Definition of debit

 (Entry 1 of 2)

: to record as money paid out or as a debt The amount was debited on my bank statement.

debit

noun

Kids Definition of debit (Entry 2 of 2)

: an entry in a business record showing money paid out or owed

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More from Merriam-Webster on debit

Thesaurus: All synonyms and antonyms for debit

Nglish: Translation of debit for Spanish Speakers

Britannica English: Translation of debit for Arabic Speakers

Comments on debit

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