Definition of DEBIT. Meaning of DEBIT. Synonyms of DEBIT

Here you will find one or more explanations in English for the word DEBIT. Also in the bottom left of the page several parts of wikipedia pages related to the word DEBIT and, of course, DEBIT synonyms and on the right images related to the word DEBIT.

Definition of DEBIT

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

Meaning of DEBIT from wikipedia

- Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit...
- A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists...
- an account. Debit may also refer to: Debit card, a type of payment card Debit MasterCard, a brand of debit card Visa Debit, a brand of debit card Bank account...
- corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite...
- A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. Formally, the organisation...
- distinction between debit and credit cards is based on when the customer's account is debited for the transaction. A debit card debits the customer's account...
- Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. Maestro is accepted at around fifteen...
- In finance, a debit spread, a.k.a. net debit spread, results when an investor simultaneously buys an option with a higher premium and sells an option with...
- A debit note or debit memorandum (or debit memo) is a commercial do****ent, common in business to business (B2B) transactions, that either buyers or sellers...
- Visa Debit is a brand of debit card issued by Visa in many countries. Numerous banks and financial institutions issue Visa Debit cards to their customers...