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Meaning of DEBIT

Pronunciation:  'debit

 
WordNet Dictionary
 
 Definition: 
  1. [n]  an accounting entry acknowledging sums that are owing
  2. [v]  enter as debit, in accounting
 

DEBIT is a 5 letter word that starts with D.

 

 Synonyms: debit entry
 
 Antonyms: credit, credit, credit entry
 
 See Also: account, calculate, charge, entry, ledger entry

 

 

Webster's 1913 Dictionary
 
 Definition: 
  1. \Deb"it\, n. [L. debitum what is due, debt, from debere to
    owe: cf. F. d['e]bit. See {Debt}.]
    A debt; an entry on the debtor (Dr.) side of an account; --
    mostly used adjectively; as, the debit side of an account.
    
    
  2. \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.
    
    
 
Thesaurus Terms
 
 Related Terms: 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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