debit

debit
I noun amount due, amount payable, arrears, bills, commitment, debt, deferred payment, expensum, indebtedness, liability, obligation, pecuniary due, sum owing, that which is owed associated concepts: debit agent, debit and credit system, debit life insurance foreign phrases:
- Perjuri sunt qui servatis verbis furamenti decipiunt aures eorum qui accipiunt. — They are perjured, who, by preserving the words of an oath, deceive the ears of those who receive it
- Non decipltur qui scit se declpi. — a person is not deceived who knows she is being deceived.
- Fraus et dolus nemini patrocinari debent — Fraud and deceit should not excuse anyone
II index arrears, charge (cost), debt, due, expense (cost), liability, obligation (liability)

Burton's Legal Thesaurus. . 2006


debit
n.
In accounting, a sum of money that is charged and due; the opposite of credit.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


debit
1. to take money from a person's account, in contrast to credit, which is the putting of money into an account.

Collins dictionary of law. . 2001.


debit
A sum charged as due or owing. An entry made on the asset side of a ledger or account.
The term is used in bookkeeping to denote the left side of the ledger, or the charging of a person or an account with all that is supplied to or paid out for that person or for the subject of the account.
Also, the balance of an account where it is shown that something remains due to the party keeping the account.
As a noun, an entry on the left-hand side of an account. As a verb, to make an entry on the left-hand side of an account. A term used in accounting or bookkeeping that results in an increase to an asset and an expense account and a decrease to a liability, revenue, or owner's equity account.

Dictionary from West's Encyclopedia of American Law. 2005.


debit
A sum charged as due or owing. An entry made on the asset side of a ledger or account.
 
The term is used in bookkeeping to denote the left side of the ledger, or the charging of a person or an account with all that is supplied to or paid out for that person or for the subject of the account.
 
Also, the balance of an account where it is shown that something remains due to the party keeping the account.
 
As a noun, an entry on the left-hand side of an account. As a verb, to make an entry on the left-hand side of an account. A term used in accounting or bookkeeping that results in an increase to an asset and an expense account and a decrease to a liability, revenue, or owner's equity account.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • débit — débit …   Dictionnaire des rimes

  • Debit — Débit Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • débit — DÉBIT. s. m. Vente, trafic. Débit de draps, de dentelles. Marchandises, étoffes de débit, de bon débit, de mauvais débit. Cela n est pas de débit. Il se fait un grand débit de ... f♛/b] On dit figurément, qu Un homme a un beau débit, qu il a le… …   Dictionnaire de l'Académie Française 1798

  • debit — DEBIT. s. m. Vente, trafic. Debit de draps, de dentelles. marchandises, estoffes de debit, de bon debit, de mauvais debit. il se fait un grand debit de &c. il ne sçauroit trouver le debit de sa marchandise. On dit fig. Il a un beau debit. il a le …   Dictionnaire de l'Académie française

  • Debit — Deb it, v. t. [imp. & p. p. {Debited}; p. pr. & vb. n. {Debiting}.] 1. To charge with debt; the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold. [1913 Webster] 2. (Bookkeeping) To enter on the debtor (Dr.)… …   The Collaborative International Dictionary of English

  • Debit — Deb it, n. [L. debitum what is due, debt, from debere to owe: cf. F. d[ e]bit. See {Debt}.] A debt; an entry on the debtor (Dr.) side of an account; mostly used adjectively; as, the debit side of an account. [1913 Webster] …   The Collaborative International Dictionary of English

  • Debit — (franz., spr. bī), Vertrieb, Verkauf, Verschleiß einer Ware; auch Konzession zum Verkauf monopolisierter Handelsartikel. Debitant ist besonders derjenige, der eine Ware im kleinen an die Konsumenten verkauft (debitiert, in Österreich:… …   Meyers Großes Konversations-Lexikon

  • debit — (n.) mid 15c., from M.Fr. debet or directly from L. debitum thing owed, that which is owing, neut. pp. of debere to owe (see DEBT (Cf. debt)). As a verb from 1680s. Debit card is attested from 1975 …   Etymology dictionary

  • debit — {{/stl 13}}{{stl 8}}rz. mnż I, D. u, Mc. debiticie, blm {{/stl 8}}{{stl 7}} pozwolenie na rozpowszechnianie druków lub czasopism zagranicznych w danym państwie : {{/stl 7}}{{stl 10}}Otrzymać, stracić debit. Rozprowadzać prasę bez debitu.… …   Langenscheidt Polski wyjaśnień

  • debit — [deb′it] n. [LME & OFr debite < L debitum, what is owing, debt; neut. pp. of debere: see DEBT] 1. Accounting a) the left hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc. b) such an… …   English World dictionary

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