An expense, or money paid out from an account. A debit transaction is one which the net cost is greater than the net sale proceeds. See also Credit.

A debit, in accounting terms, is a charge to an account. To consumers, a debit is a charge to a customer's bank card account. Cards tied to a checking or savings account are often called debit cards because consumers use them to take money from those accounts, creating debits. Debit transactions can be made by writing a check, using an automat [..]

With respect to double-entry accounting, a debit records increases of asset and expense accounts or decreases in liability and owners’ equity accounts.

mid-15c., from Middle French debet or directly from Latin debitum "thing owed, that which is owing," neuter past participle of debere "to owe" (see debt). As a verb from 1680s. Deb [..]

Money paid out from an account from either a withdrawal or a transaction that results in decreasing the cash balance.

A debit is the opposite of a credit. A debit may be an account entry representing money you owe a lender or money that has been taken from your account. For example, your bank debits your checking account for the amount of a check you've written, and your broker debits your investment account for the cost of a security you've purcha [..]

an accounting entry acknowledging sums that are owing enter as debit Debit and credit are formal bookkeeping and accounting terms. They are the most fundamental concepts in accounting, representing th [..]

Recorded as negative (−) in the balance of payments, any transaction that gives rise to a payment out of the country, such as an import, the purchase of an asset (including official reserves), or lend [..]

Any transaction which sends money out of the country (e.g. payments for the import of goods).

The accounting term that means an entry will be made on the left side of an account. To learn more, see our Explanation of Debits and Credits.

Definition An accounting entry which results in either an increase in assets or a decrease in liabilities or net worth. opposite of credit.

An accounting entry resulting either in an increased amount of assets or a decreased number of liabilities. Also, in terms of insurance and underwriting, debits represent factors that have a negative [..]

Debits are, in terms of consumers, a charge put onto an account. When an individual has a checking or savings account, he or she can use a debit card to take money out a particular account in the bank. They can be created by writing a check, using an ATM or purchasing something from a merchant.

Entry on the left side of a DOUBLE-ENTRY BOOKKEEPING system that represents the addition of an ASSET or expense or the reduction to a LIABILITY or REVENUE.

To take out money from a bank account. For example, £400 was debited from my account.

An ATM card used to purchase goods, services or obtain cash. The amount is debited from the cardholder’s deposit account at their bank. Requires a PIN (personal identification number) for use.

An ATM card used to purchase goods or services. The amount is debited from the cardholder’s deposit account at their bank. DOES NOT require a PIN (personal identification number) for use. These are called a check cards.

A charge to a customer's bankcard account.

A decrease in a savings or checking account, such as a withdrawal or a check written against the account.

Funds which have been deducted from your account. The opposite of a debit is a jump to

A payment.

The mortgage or loan on a property.

is an accounting record that represents either an increase in assets or a decrease in liabilities or net worth. A debit is the opposite of a credit.

Debit refers to an amount owed or due to be paid as it appears in bookkeepng entries. In bookkeeping practices, a debit is usually entered on the left side of a ledger or account to indicate an asset, [..]

An accounting entry that increases assets and expenses and decreases liabilities and revenues. It appears as a positive number on a journal voucher.

Take money out of an account

(n) an accounting entry acknowledging sums that are owing(v) enter as debit

An entry recording an increase to an asset or expense or a reduction to a liability, revenue or owner's equity. Debits are recorded in the left-hand column of an account or a two-column book. Opp [..]

Entries in the debit column of a ledger account representing increases in assets or expenses, or decreases in liabilities or income.

an accounting entry on the left or top of a balance sheet. Usually an increase in assets or a reduction in liabilities. Every debit has a balancing credit.

  An amount entered on the left side of the T account. debit memorandum

An entry in your accounts that increases what you own or reduces your profit. The opposite of this is a credit.

Money taken from an account or money owed to a lender.

Decreases in an account, such as that which occurs when a check is written against that account.

A financial term that refers to a decrease in a deposit account balance, such as a check posted to the account. See also Glossary term, "credit."  

Entry on the left side of a double-entry bookkeeping system that represents the addition of an asset or expense or the reduction to a liability or revenue. (See credit.)

An amount subtracted from the balance of an account.

Any withdrawal or transaction that removes money from your account.

A bookkeeping term for a sum of money owed by an individual or institution; a charge deducted from an account.

A debit may be an account entry representing money you owe a lender or money that has been taken from your deposit account.

The process of subtracting from the balance of an account.

Money that you take out of your bank account.

Money paid out from an account from either a withdrawal or a transaction that results in decreasing the cash balance.

In bookkeeping, an entry in the left hand column of an account. ''A cash sale is recorded as debit on the cash account and as credit on the sales account.'' A sum of money taken out of a bank ac [..]

An expense, or money paid out from an account. A debit transaction is one which the net cost is greater than the net sale proceeds. See also Credit.