Debit

Definition of Debit

Deb´it
n.1.A debt; an entry on the debtor (Dr.) side of an account; - mostly used adjectively; as, the debit side of an account.
v. t.1.To charge with debt; - the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.
[imp. & p. p. Debited; p. pr. & vb. n. Debiting.]
2.(Bookkeeping) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

Related Words

balance, balance the books, bereavement, book, budgeting, capitalize, carry, carry over, cast up accounts, charge off, close out, close the books, cost, costing, costing-out, credit, damage, dead loss, debiting, deficit spending, denial, denudation, deprivation, despoilment, destruction, detriment, disbursal, disbursement, dispossession, divestment, docket, double entry, enter, entry, expenditure, expense, forfeit, forfeiture, injury, item, journalize, keep books, log, loser, losing, losing streak, loss, make an entry, minute, notation, note, payment, perdition, post, post up, privation, robbery, ruin, sacrifice, scheduling, single entry, spending, spoliation, strike a balance, stripping, taking away, total loss
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