Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of debit is as below...

Debitor :: Debitor (n.) A debtor.

Debited :: Debited (imp. & p. p.) of Debi.

Debituminize :: Debituminize (v. t.) To deprive of bitumen.

Credit :: Credit (n.) The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items; -- the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B..

Balance :: Balance (n.) To make the sums of the debits and credits of an account equal; -- said of an item; as, this payment, or credit, balances the account..

Bank Book :: Bank book () A book kept by a depositor, in which an officer of a bank enters the debits and credits of the depositor's account with the bank..

Charge :: Charge (v. t.) To place something to the account of as a debt; to debit, as, to charge one with goods. Also, to enter upon the debit side of an account; as, to charge a sum to one..

Charge :: Charge (v. t.) An entry or a account of that which is due from one party to another; that which is debited in a business transaction; as, a charge in an account book..

Debit :: Debit (n.) A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account..

Debit :: Debit (v. t.) To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold..

Balance :: Balance (n.) To arrange accounts in such a way that the sum total of the debits is equal to the sum total of the credits; as, to balance a set of books..

Ledger :: Ledger (n.) A book in which a summary of accounts is laid up or preserved; the final book of record in business transactions, in which all debits and credits from the journal, etc., are placed under appropriate heads..

Assumpsit :: Assumpsit (n.) An action to recover damages for a breach or nonperformance of a contract or promise, express or implied, oral or in writing not under seal. Common or indebitatus assumpsit is brought for the most part on an implied promise. Special assumpsit is founded on an express promise or undertaking..

Debiting :: Debiting (p. pr. & vb. n.) of Debi.

Debit :: Debit (v. t.) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold..

Charge :: Charge (v. i.) To debit on an account; as, to charge for purchases..

Debituminization :: Debituminization (n.) The act of depriving of bitumen.

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