Debit

Part of Speech

Noun, Verb

Pronunciation

/ˈdɛbɪt/ (English)

Definitions

1. (Noun) An entry recording an amount owed, typically in a financial account.
2. (Noun) A charge against an account.
3. (Verb) To remove money from an account.
4. (Verb) To record as a debt in bookkeeping.

Usage Examples

• "The bank recorded a debit of $100 from my account."
• "Make sure to debit the expense to the appropriate account."

Etymology

Derived from Latin debitum ("debt, something owed"), from debere ("to owe").

Synonyms

• Charge
• Withdrawal
• Expense
• Deduction

Antonyms

• Credit
• Deposit
• Surplus

Translations

Regional Pronunciation Variations

• British English: /ˈdɛbɪt/
• American English: /ˈdɛbɪt/

Historical Usage

The concept of debit has been used in accounting since the double-entry bookkeeping system was developed in the 15th century.

Cultural Nuances

In financial contexts, "debit" is often contrasted with "credit." In some countries, debit cards are more commonly used than credit cards for daily transactions.

More Information

Debits play a crucial role in accounting, representing expenses and losses in financial statements. Understanding debits and credits is essential for managing personal and corporate finances.