debit Meaning, Definition & Usage

  1. noun an accounting entry acknowledging sums that are owing
    debit entry.
  2. verb enter as debit

WordNet

Deb"it noun
Etymology
L. debitum what is due, debt, from debere to owe: cf. F. débit. See Debt.
Definitions
  1. A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
Deb"it transitive verb
Wordforms
imperfect & past participle Debited; present participle & verbal noun Debiting
Definitions
  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.

Webster 1913