Pronunciation: /ˈdɛbɪt/
noun an entry recording a sum owed
A1 I paid for my groceries using my debit card.
A2 She checked her bank account balance to see if the debit had gone through.
B1 The customer disputed the unauthorized debit from their account.
B2 The company's financial report showed a significant increase in debits this quarter.
C1 The accountant reconciled the debits and credits to ensure the financial statements were accurate.
C2 The CFO made a decision to limit the amount of debits allowed on company accounts to prevent fraud.
verb to record a sum owed
A1 I debit money from my account to pay for groceries.
A2 She debited the amount from her savings to cover the unexpected expense.
B1 The company debits the monthly subscription fee from my credit card automatically.
B2 He debited the incorrect charge from my account and issued a refund.
C1 The bank debited the loan repayment amount from my checking account on the due date.
C2 As a financial analyst, I often debit and credit accounts to ensure accurate financial reporting.
formal Please remember to debit the correct account for the transaction.
informal Don't forget to take the money out of your account for that purchase.
slang Make sure to swipe your card for that payment.
figurative His actions will debit from his reputation in the long run.
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