debit

  1. Noun.  In bookkeeping, an entry in the left hand column of an account to record a debt.
  2. Noun.  A sum of money taken out of an account.
  3. Verb.  To make an entry on the debit side of an account.
  4. Verb.  To remove a sum of money from an account as a payment.
  5. Adjective.  of or relating to process of taking money from an account.
  6. Adjective.  of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees}.

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This entry was last updated on RefTopia from its source on 3/20/2012.