English version

debit in Banking topic

From Longman Dictionary of Contemporary Englishdebitdeb‧it1 /ˈdebɪt/ noun [countable]  1 technicalBFBBFB a decrease in the amount of money in a bank account, for example because you have taken money out of it opp creditdirect debit2 technical a record in financial accounts that shows money that has been spent or that is owed opp credit3 on the debit side
Examples from the Corpus
debitIt's simple to do this now by filling in the direct debit and covenant on the back of the donation form.Direct debits or standing orders are liable to make money disappear from your account stealthily, which may be very confusing.Direct debits, standing orders and debit-card payments are cleared entirely by computer.Every debit must have a corresponding credit and vice-versa.From the national viewpoint there are some credits and one massive debit.Page 33 Switch applications: Barclays and Lloyds banks have applied to join the Switch debit card network.On the debit side, he frustratingly falls short of any overarching analysis.