DEBIT
Definition of DEBIT
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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."
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A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
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To make an entry on the debit side of an account.
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To record a receivable in the bookkeeping.
"We shall debit the amount of your purchase to your account."
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Of or relating to process of taking money from an account
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Of or relating to the debit card function of a debit card rather than its often available credit card function
Source: Wiktionary
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