debit

1 of 2

verb

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

transitive verb

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

debit

2 of 2

noun

1
a
: 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
3

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
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Verb
By the time people realized their account had been debited, reflecting the FBAR penalty, the IRS had already collected the funds, and the bank had already been fully reimbursed. Robert Goulder, Forbes, 15 Oct. 2024 Many payment platforms, though, charge fees when businesses allow their customers to use other digital wallets or debit/credit cards. Nitin Gupta, Forbes, 16 Oct. 2024
Noun
This strategy entails buying a higher strike put and selling a lower strike put, creating a net debit position. Nishant Pant, CNBC, 5 Nov. 2024 In a statement shared with several media outlets, Visa general counsel Julie Rottenberg said the lawsuit ignores the fact that Visa is one of many competitors in the debit market. Megan Poinski, Forbes, 25 Sep. 2024 See all Example Sentences for debit 

Word History

Etymology

Noun

Latin debitum debt

First Known Use

Verb

1668, in the meaning defined above

Noun

1746, in the meaning defined at sense 1a

Time Traveler
The first known use of debit was in 1668

Dictionary Entries Near debit

Cite this Entry

“Debit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debit. Accessed 23 Nov. 2024.

Kids Definition

debit

1 of 2 verb
deb·​it ˈdeb-ət How to pronounce debit (audio)
: to enter as a debit : charge with or as a debt

debit

2 of 2 noun
: an entry in an account representing an amount paid out or owed

More from Merriam-Webster on debit

Last Updated: - Updated example sentences
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