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debit
(redirected from debiting)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.02 sec.
Debit
An accounting entry which results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in your bank account.

Notes:
The opposite transaction is called a credit.

Debit
An expense, or money paid out from an account. A debit transaction is one which the net cost is greater than the net sale proceeds. See also Credit.
debit
An accounting entry that results in an increase in assets or a decrease in liabilities or owners' equity. Compare credit.
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18) In the following discussion, all these means of debiting accounts are referred to collectively as account debits.
Trends in the use of payment instruments in the United States by Mukasa, Namirembe / Federal Reserve Bulletin
This report presents the results of field research conducted to better understand consumer preferences for various electronic bill payment timing methods, in order to determine how changes in the timing of payment debiting would affect adoption levels and providers' profits.
Electronic Bill Payment Methods Have Been Adopted by 39% Of Customers by Business Wire
We will integrate EuroDebit Systems' debiting capabilities into our PowerCash21(TM) platform.
inatec and EuroDebit Systems GmbH Partner in Germany to Expand ... by Business Wire
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