/ ˈdebɪt; NAmE / noun , verb
■ noun
1.
a written note in a bank account or other financial record of a sum of money owed or spent :
on the debit side of an account
( figurative )
On the debit side (= a negative result will be that) the new shopping centre will increase traffic problems.
2.
a sum of money taken from a bank account
OPP credit noun
—see also direct debit
■ verb
[ vn ] when a bank debits an account, it takes money from it :
The money will be debited from your account each month.
OPP credit
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WORD ORIGIN
late Middle English (in the sense debt ): from French débit , from Latin debitum something owed, past participle of debere owe. The verb sense dates from the 17th cent.; the current noun sense from the late 18th cent.