debit

View more Business & Finance videos

A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit.

Download Computer Desktop Encyclopedia to your PC, iPhone or Android.

Accounting: entries on the left side of the general ledger. Debits include the acquisition cost of assets and amounts of deductible expenses.


Real estate: in a closing statement , item that is charged to a party.
For example, the buyer is charged with these typical debits: purchase price, taxes prepaid by the seller, and deed recording fees. Debits charged to the seller include cost to retire the existing mortgage principal, accrued interest on the mortgage being relieved, and a termite inspection fee.
See also credit.

Previous:	Debenture, Debasement, Death Tax
Next:	Debit Card, Debit Memorandum, Debt

1. in a closing statement (settlement), an item that is charged to a party. Contrast with credit.


Example: The buyer is charged with these typical debits:

• purchase price

• taxes prepaid by seller

• deed recording fees The seller is charged with these typical debits:

• cost to retire existing mortgage principal

• accrued interest on mortgage being relieved

• termite inspection fee

2. in accounting, entries on the left side of the general ledger. Contrast with credit.


Example: Debits include:

• acquisition cost of assets

• amounts of deductible expenses

Previous:	Debenture, Dealer (TAX)
Next:	Debt, Debt Capital

This entry contains information applicable to United States law only.

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.

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.

Investopedia Says:
The opposite transaction is called a credit.

Related Links:
Learn how the CFS relates to the balance sheet and income statement as a part of a company's financial reports. What Is A Cash Flow Statement?
Follow accounting from its roots in ancient times to the profession we now depend on. Financial History: The Evolution Of Accounting
Learn about the components of the statement of financial position and how they relate to each other. Reading The Balance Sheet
Learn this easy-to-understand technique of analyzing a company's financial statements and reports. Introduction To Fundamental Analysis
Learn what it means to do your homework on a company's performance and reporting practices before investing. Advanced Financial Statement Analysis

For a list of words related to debit, see:

• Accounting - debit: amount of asset or expense recorded as entry into account books on left side of T account

---

  See crossword solutions for the clue Debit.

Dansk (Danish)
n. - debet, gæld, debetkonto, gældspost
v. tr. - debitere

idioms:

• debit notice    gældsmeddelelse
• debit side    debetside

Nederlands (Dutch)
debiteren/afboeken, debetsaldo/-post/ -zijde, afschrijving

Français (French)
n. - (Comm) débit
v. tr. - débiter qn (d'une somme), porter (une somme) au débit de qn

idioms:

• debit note    note de débit
• debit side    au débit, (fig) parmi les points négatifs

Deutsch (German)
v. - debitieren, belasten
n. - Belastung, Soll(wert)

idioms:

• debit note    Lastschriftanzeige
• debit side    Debet

Ελληνική (Greek)
v. - (οικον.) χρεώνω, φέρω εις χρέωσιν, (μτφ.) χρεώνω, καταλογίζω
n. - (οικον.) δούναι, παθητικό, χρεωστική εγγραφή, χρέωση, οφειλή

idioms:

• debit notice    χρεωστικό σημείωμα
• debit side    (οικον., μτφ.) χρεωστική μερίδα (λογαριασμού κ.λπ.)

Italiano (Italian)
addebitare, addebito, debito

Português (Portuguese)
v. - debitar
n. - débito (m)

idioms:

• debit notice    aviso (m) de débito
• debit side    coluna (f) de débito

Русский (Russian)
вносить в дебет, дебет

idioms:

• debit notice    дебетовое авизо
• debit side    дебетовая сторона, недостаток

Español (Spanish)
n. - débito, debe, pasivo, característica indeseable
v. tr. - cargar en cuenta, debitar

idioms:

• debit note    nota de débito
• debit side    debe

Svenska (Swedish)
v. - debitera
n. - debit

中文（简体）(Chinese (Simplified))
借方, 借, 记入借方

idioms:

• debit notice    借方通知单
• debit side    借方方面

中文（繁體）(Chinese (Traditional))
n. - 借方, 借
v. tr. - 記入借方

idioms:

• debit notice    借方通知單
• debit side    借方方面

한국어 (Korean)
n. - 차변
v. tr. - 차변에 기입하다

日本語 (Japanese)
n. - 借方, 借方記入, 不都合
v. - 借方に記入する

idioms:

• debit notice    借金通知
• debit side    (商業)借方

العربيه (Arabic)
‏(فعل) يقيد دينا (الاسم) المدين, الدين, المبلغ المطلوب منه‏

עברית (Hebrew)
n. - ‮חיוב, צד החובה של חשבון-בנק, רישום בצד החובה של חשבון-בנק‬
v. tr. - ‮זקף לחובת-, חייב‬

If you are unable to view some languages clearly, click here.