Also found in: Thesaurus, Legal, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.
A debit card is used to make a purchase with one's own money. Super five nights at freddys free download. A credit card is used to make a purchase by borrowing money. From the bank's point of view, when a debit card is used to pay a merchant, the payment causes a decrease in the amount of money the bank owes to the cardholder. From the bank's point of view, your debit card account is the. Debit definition, the recording or an entry of debt in an account.
deb·it
(dĕb′ĭt)n.2. The left-hand side of an account or accounting ledger where bookkeeping entries are made.
- Debits and credits are terms used by bookkeepers and accountants when recording transactions in the accounting records. The amount in every transaction must be entered in one account as a debit (left side of the account) and in another account as a credit (right side of the account).
- Safe Debit Account is subject to certain account limitations and eligibility requirements, including on the use of bill pay and mobile check deposit. Please refer to the U.S. Bank Safe Debit Account Terms and Conditions and Safe Debit Account Pricing and Information for details.
- A debit is an entry made on the left side of an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts. For example, you would debit the purchase of a new computer by entering the asset gained on the left side of your asset account. A credit is an entry made on the right side of an account.
3. An entry of a sum in the left-hand side of an account.
tr.v.deb·it·ed, deb·it·ing, deb·its1. To enter (a sum) on the left-hand side of an account or accounting ledger.
2. To charge with a debit: If you use an ATM, the bank will debit your account immediately.
[Middle English debite, from Latin dēbitum, debt; see debt.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
debit
(ˈdɛbɪt) accountingn (Accounting & Book-keeping)a. acknowledgment of a sum owing by entry on the left side of an account
c. an entry on this side
e. (as modifier): a debit balance. Compare credit10
vb, -bits, -bitingor-bited (Accounting & Book-keeping) (tr) b. to charge (a person or his or her account) with a debt. Compare credit17
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
deb•it
(ˈdɛb ɪt)n. 2.
Debit Meaning
b. any entry or the total shown on the debit side.
c. the left-hand, or debit, side of an account (opposed to credit).
v.t. 4. to charge with or as a debt.
5. to enter on the debit side of a bookkeeping account.
[1400–50; late Middle English < Old French < Latin dēbitum something owed; see debt]
Edd Debit Card Bank Of America California
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
debit
Past participle: debited
Gerund: debiting
| Imperative |
|---|
| debit |
| debit |
| Present |
|---|
| I debit |
| you debit |
| he/she/it debits |
| we debit |
| you debit |
| they debit |
| Preterite |
|---|
| I debited |
| you debited |
| he/she/it debited |
| we debited |
| you debited |
| they debited |
| Present Continuous |
|---|
| I am debiting |
| you are debiting |
| he/she/it is debiting |
| we are debiting |
| you are debiting |
| they are debiting |
| Present Perfect |
|---|
| I have debited |
| you have debited |
| he/she/it has debited |
| we have debited |
| you have debited |
| they have debited |
| Past Continuous |
|---|
| I was debiting |
| you were debiting |
| he/she/it was debiting |
| we were debiting |
| you were debiting |
| they were debiting |
| Past Perfect |
|---|
| I had debited |
| you had debited |
| he/she/it had debited |
| we had debited |
| you had debited |
| they had debited |
| Future |
|---|
| I will debit |
| you will debit |
| he/she/it will debit |
| we will debit |
| you will debit |
| they will debit |
| Future Perfect |
|---|
| I will have debited |
| you will have debited |
| he/she/it will have debited |
| we will have debited |
| you will have debited |
| they will have debited |
| Future Continuous |
|---|
| I will be debiting |
| you will be debiting |
| he/she/it will be debiting |
| we will be debiting |
| you will be debiting |
| they will be debiting |
| Present Perfect Continuous |
|---|
| I have been debiting |
| you have been debiting |
| he/she/it has been debiting |
| we have been debiting |
| you have been debiting |
| they have been debiting |
| Future Perfect Continuous |
|---|
| I will have been debiting |
| you will have been debiting |
| he/she/it will have been debiting |
| we will have been debiting |
| you will have been debiting |
| they will have been debiting |
| Past Perfect Continuous |
|---|
| I had been debiting |
| you had been debiting |
| he/she/it had been debiting |
| we had been debiting |
| you had been debiting |
| they had been debiting |
| Conditional |
|---|
| I would debit |
| you would debit |
| he/she/it would debit |
| we would debit |
| you would debit |
| they would debit |
| Past Conditional |
|---|
| I would have debited |
| you would have debited |
| he/she/it would have debited |
| we would have debited |
| you would have debited |
| they would have debited |
Collins English Verb Tables © HarperCollins Publishers 2011
| Noun | 1. | debit - an accounting entry acknowledging sums that are owing accounting entry, ledger entry, entry - a written record of a commercial transaction credit entry, credit - an accounting entry acknowledging income or capital items |
| Verb | 1. | debit - enter as debit accounting - a system that provides quantitative information about finances charge - enter a certain amount as a charge; 'he charged me $15' credit - accounting: enter as credit; 'We credit your account with $100' |
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
debit
verb1.pay out fromWe will confirm with you before debiting your account.
noun1.payout, debt, payment, commitment, liabilityThe total of debits must match the total of credits.
Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002
مَدِينمَدْيونِيَّهيَحْسُبُ عَلَىيُقَيِّدُ على حِساب فُلان
debetdebiteregældspost
veloittaaveloitus
dugovanjeteretiti
skuldfæraskuldfærsla
차변차변에 기입하다
debetsierakstīt debetā
pripísať na vrub
รายการของเงินที่หักบัญชีหักบัญชี
birinin hesabına borç kaydetmekborçborç kaydetmekhesabından çekilen para
debit
[ˈdebɪt]A.N (in the books of a business) → pasivom; (in a bank account) → debe m, débitom; (= individual sum taken) → cargom
B.VTto debit an account with a sum → cargar una suma en cuenta
to debit sb with a sum → cargar una sumaen lacuenta de algn
to debit an account directly → domiciliar una cuenta
see alsodirectD
to debit sb with a sum → cargar una sumaen lacuenta de algn
to debit an account directly → domiciliar una cuenta
see alsodirectD
C.CPDdebit balanceN → saldomdeudor
debit cardN → tarjetaf de débito
debit entryN → débitom
debit noteN → notaf de cargo
debit sideN → debe m (fig) → desventajaf
on the debit side (lit) → en el debe (fig) → entre las desventajas
debit cardN → tarjetaf de débito
debit entryN → débitom
debit noteN → notaf de cargo
debit sideN → debe m (fig) → desventajaf
on the debit side (lit) → en el debe (fig) → entre las desventajas
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
debit
[ˈdɛbɪt]vt
to debit sb's account → débiter le compte de qn
to debit a sum to sb → porter une sommeau débit de qn, débiter qn d'une somme
to debit a sum to sb's account → porter une sommeau débit de qn, débiter qn d'une sommedebit balance n → soldemdébiteurdebit card n → cartef de paiement
to debit sb's account → débiter le compte de qn
to debit a sum to sb → porter une sommeau débit de qn, débiter qn d'une somme
to debit a sum to sb's account → porter une sommeau débit de qn, débiter qn d'une sommedebit balance n → soldemdébiteurdebit card n → cartef de paiement
Collins English/French Electronic Resource. © HarperCollins Publishers 2005
debit
n → Schuldpostenm, → Debetnt; debit account → Debetkontont; debit balance → Debetsaldom; debit and credit → Sollnt → und Habennt; to enter something to the debit side of an account → etw auf der Sollseiteverbuchen; on the debit side(fig) → auf der Minusseite
vtto debit somebody/somebody’s account (with a sum), to debit (a sum) to somebody/somebody’s account → jdn/jdsKonto (mit einer Summe) belastenordebitieren(form)
debit
:debit card
debit entry
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
debit
[ˈdɛbɪt] (Fin)2.vt → addebitare
to debit sb/sb's account with a sum, to debit a sum to sb or to sb's account → addebitare una somma a qn/sul conto di qc
to debit sb/sb's account with a sum, to debit a sum to sb or to sb's account → addebitare una somma a qn/sul conto di qc
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
debit
(ˈdebit) noun an entry on the side of an account which records what is owed. His debits outnumbered his credits. debiet مَدْيونِيَّه дебит débito pasivum; dluh die Belastung debet; gældspost χρεωστική εγγραφή débito deebet ستون بدهکار debet débitחיוב ऋण, उधार dugovanje, dug tartozás debet skuldfærsla addebito 借方 (記入) 차변 debetas debets catatan akaun hutang debetpostdebetdebet قرضدارى، (په پانكى معاملاتو كې) دوركړې ستون، په چاپسې دقرض ليكنه débito debit дебет pasívum; dlh dolg, breme zaduženje debet รายการของเงินที่ถูกหักจากบัญชี borç 記入借方的款項，客戶欠帳，借方，借 дебет کسی کھاتے میں واجب الادا رقم کا اندراج sự ghi nợ 记入借方的款项，客户欠帐，借方，借
verb
– Us Money Debit Card
past tense, past participleSend Money To Debit Card
ˈdebited – to enter or record on this side of an account. debiteer, in rekening bring يُقَيِّدُ على حِساب فُلان вписвам в лявата страна на сметка debitar připsat na vrub belasten debitere χρεώνωcargar en cuenta deebetisse kandma در ستون بدهکار وارد کردن veloittaa débiter לְחָיֵיב उधार लिखना, खर्च के मद में लिखना opteretiti, zadužiti (meg)terhel mendebetkan skuldfæra addebitare 借方に記入する 차변에 기록하다 įrašyti į debetą ierakstīt debetā debit debiterendebitere obciążać rachunek قرضدارى debitar a debita дебетовать pripísať na vrub v breme pisati knjižiti na teret debitera หักบัญชี borç kaydetmek 將..記入借方 дебетувати, вносити у дебет ادھار کھاتے میں اندراج کرنا ghi nợ 将..记入借方
Kernerman English Multilingual Dictionary © 2006-2013 K Dictionaries Ltd.
debit
→ مَدِين, يَحْسُبُ عَلَى debet, zatížit debet, debitereabbuchen, Schuldpostenχρεώνω, χρέωσηcargar, debitar, débito veloittaa, veloitusdébit, débiter dugovanje, teretitiaddebitare, debito 借方, 借方に記入する 차변, 차변에 기입하다debetsaldo, debiterenbelaste, debetdebet, obciążyćdebitar, débitoдебет, дебетовать debet, debitera รายการของเงินที่หักบัญชี, หักบัญชีbirinin hesabına borç kaydetmek, hesabından çekilen paraDebit Card
ghi nợ, sự ghi nợ扣款Multilingual Translator © HarperCollins Publishers 2009
Collins Multilingual Translator © HarperCollins Publishers 2009
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content.
Link to this page:
Credits and Debits: Understanding Practical Money Management
It’s commonly said that money makes the world go round. Without money, we wouldn’t be able to do many things we take for granted today, including buying or selling goods. It is very important to properly understand how money matters work and how to handle our personal finances.
Unfortunately, too many consumers today have never received much in the way of formal education about handling personal finance accounts. Without the proper knowledge, it’s easy to fall into risky financial habits, such as overspending that can lead to debt.
We’ve compiled a directory of consumer finance resources, providing information about money and personal finances. By taking the time to learn about these issues early on, you can make sure you practice good financial habits throughout your life.
What Is Money?
Money came about in ancient civilizations. At first people would simply trade or barter one good for another. Over time, they saw that it was not very convenient to do so. For example, it might not be very convenient to trade a beautiful gold ring for twenty kilos of meat. Roulette wizard of odds. Instead, people developed forms of money to symbolize the value of goods.
Today we don’t only use notes and coins, but also checks, credit cards, debit cards, online banking and other online payment services as methods of paying for items.
Spending and Saving Money
There is a fine balance between spending and saving money. It is never nice to come to the realization that your funds are depleted. To avoid this, make it a general rule to never spend more than you have and to manage your debts. Furthermore, if you save a small portion of your earnings each time you’re paid, you can use your savings as emergency money or to save up for something big.
Tracking your spending, earnings and savings on a budget sheet is an excellent way to see where your money is going. There are many times we find ourselves spending more on things than we realize when we look at our spending activity overall.
Debit Cards: Pros and Cons
A debit card is a bit like a virtual wallet. Imagine that you have $100. You might choose to keep that amount in notes in your pocket, or you could deposit it in the bank. Now suppose you go to the music store and buy something for $5. If you pay for it by swiping your debit card, the bank removes $5 from your bank account and transfers it to the music store.
The good thing about a debit card is that it ensures that you only spend as much as you have and no more. However, beware of extra fees that you might incur by withdrawing money from an ATM affiliated with another bank or by withdrawing more money than you actually have!
Credit Cards: Pros and Cons
A credit card might be seen as the complete opposite of a debit card. It allows you to pay for items with money that you do not have! Essentially, the card provider gives you a loan but expects you to pay it back with interest like any other loan. A credit card is considered to be a form of revolving credit. For example, you might need to buy a new bike that costs $500. If you don’t have enough money, you might use a credit card to buy it. Once you repay that amount, you will be able to use it again.
It is best to only use your credit card when you already have the money to pay off your purchases, or if you are fully certain that you can pay it off in regular installments. Interest is one of the biggest drawbacks to using a credit card. In the case of the bike, by using a credit card, the total cost might be $520 if you include the interest. However, credit cards are also convenient if you can keep the debt in check.
Curious to learn more about your finances? Learn terms you should know from this financial literacy guide or spend some time exploring our personal finance posts.