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Fine Dictionary

debit

ˈdɛbɪt
WordNet
  1. (v) debit
    enter as debit
  2. (n) debit
    an accounting entry acknowledging sums that are owing
Webster's Revised Unabridged Dictionary
  1. Debit
    A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
  2. Debit
    To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.
  3. Debit
    (Bookkeeping) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.
Century Dictionary and Cyclopedia
  1. (n) debit
    That which is entered in an account as a debt; a recorded item of debt: as, the debits exceed the credits.
  2. (n) debit
    That part of another's account in which one enters any article of goods furnished or money paid to or on account of that other: as, place that to my debit.
  3. debit
    To charge with as a debt: as, to debit a purchaser the amount of goods sold.
  4. debit
    To enter on the debtor side of a book: as, to debit the sum or amount of goods sold.
Chambers's Twentieth Century Dictionary
  1. (n) Debit
    deb′it a debt or something due: an entry on the debtor side of an account
  2. (v.t) Debit
    to charge with debt: to enter on the debtor side of an account
Etymology

Webster's Revised Unabridged Dictionary L. debitum, what is due, debt, from debere, to owe: cf. F. débit,. See Debt

Usage in the news

DAYTON, Ohio (AP) — An Ohio legislator thinks the state should offer taxpayers the option of getting their Ohio refunds on prepaid debit cards. madison-press.com

An Ohio legislator proposes state tax refunds on pre-paid debit cards. osu.org

Just a few days earlier she introduced her first financial product: a prepaid debit card emblazoned with her name. businessweek.com

According to the latest numbers from Visa and Mastercard there are 520 million debit card s in use today. kktv.com

Bank sued over debit card transactions. timesleader.com

The idea behind the exemption was to prevent community banks from taking too severe a hit to their debit-card revenue stream. entrepreneur.com

For retailers selling mostly small-ticket items, the cost of a debit-card swipe has in some cases gone up. entrepreneur.com

Breakingviews Misses on the Fed's Debit Card Rules. cjr.org

The banking lobby is pushing back bigtime against the Federal Reserve rules that would force it to stop gouging consumers and retailers every time they swipe their debit card s. cjr.org

Pair accused of using stolen debit card . atertowndailytimes.com

Chase announced earlier this week that it will offer instant issue of debit card s at more than 2,000 of its branches by year's end. banktech.com

AZTV7/Cable 13, Me-TV 7.2, RTV 7.3, Phoenix-Prescott, AZFTC seeks details from Visa on debit card service. arizonasown.com

NEW YORK (AP) — The Federal Trade Commission is looking at the details of one of Visa's debit card programs to see if it complies with new rules under the 2010 financial regulatory reform law. oregonlive.com

Federal Trade Commission (FTC) has asked Visa Inc to provide information on a debit card service that may have violated regulations related to the Dodd-Frank Act, the company said. dailypress.com

Florida Mall employee stole debit card , used it at Apple store, deputies say. esh.com

Usage in scientific papers

Vacarelli, “Local management of credit and debits in mobile ad hoc networks”, in Proceedings of the 8th IFIP Communication and Multimedia Security Conference (CMS’04), pp. 31-45, Springer-Verlag, 2005. Network Simulator NS-2.
A Distributed Trust Management Framework for Detecting Malicious Packet Dropping Nodes in a Mobile Ad Hoc Network

For a more comprehensive framework that includes explicit default modeling, collateral modeling, re-hypothecation and debit valuation adjustments we refer the reader elsewhere, for example or .
Illustrating a problem in the self-financing condition in two 2010-2011 papers on funding, collateral and discounting

The same as above, but with a confidence value for the second predicate The user wants to build a statistic on the number and type of grey-coloured laptops, with price equal or greater than 1000 euros Doc-EGov.owl QD1 An IRS employee retrieves the data about citizens with Debit Payment greater than 25 euros.
Ontological Matchmaking in Recommender Systems

The model follows the compound Poisson framework with credit interest for positive reserve, and debit interest for negative reserve.
Optimal dividend control for a generalized risk model with investment incomes and debit interest

The company will need to pay interest (debit interest) on the loan and pay back debt interest continuously from the received premiums.
Optimal dividend control for a generalized risk model with investment incomes and debit interest

Usage in literature

Even a penny is deemed worthy of being debited to one company and credited to another! "The Iron Horse" by R.M. Ballantyne

Would you exterminate him because in your blindness you only note the debit side? ""Wee Tim'rous Beasties"" by Douglas English

All the entries were on the debit side. "The Crooked House" by Brandon Fleming

They perish and are debited to our account. "The Posthumous Works of Thomas De Quincey, Vol. 1 (2 vols)" by Thomas De Quincey

And the debit and the credit are as one to him and me! "The Book of Humorous Verse" by Various

The law of debit and credit is curious, and amounts to actual slavery. "Four Young Explorers" by Oliver Optic

Besides, is not love sometimes a real debit and credit account? "The Continental Monthly, Vol. 2 No 4, October, 1862" by Various

Skinner noted that everything was on the debit side until the night of the First Presbyterian reception. "Skinner's Dress Suit" by Henry Irving Dodge

Stiffy explained how the debits were on one side, the credits on the other. "The Huntress" by Hulbert Footner

If you make an error he'll debit you with it, but when you play well he'll feature you. "Baseball Joe in the Big League" by Lester Chadwick