Word: debit Word origin: late Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’ (see debt). The verb sense dates from the 17th century; the current noun sense from the late 18th century. Phonetic: ˈdɛbɪt Listen:
an entry recording a sum owed, listed on the left-hand side or column of an account. Example: a double-entry system of bookkeeping, where each debit has a corresponding credit entry
(of a bank or other financial organization) remove (an amount of money) from a customer's account. Example: $10,000 was debited from their account
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