Debit definition

Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

Debit means an amount which for accounting purposes reduces a profit, or increases or creates a loss, for a period of account.

Debit means the movement of funds out of your Account.

Examples of Debit in a sentence

• Merchant shall transmit all Debit and Credit Entries to Company to the location(s) and in compliance with the formatting, content and other requirements set forth in the Rules and the Guidelines.

• Company, or its Third-Party Sender pursuant to Paragraph 5.4, will either debit or credit the Settlement Account to offset any Credit or Debit Entry initiated by Merchant.

• Merchant hereby retains and appoints Company and its Third-Party Sender, (“Third-Party Sender”) as Merchant's exclusive data processing and collection agent for processing Entries originated by Merchant for Credit and Debit to accounts of Customers, in accordance with the terms and conditions contained herein.

• Xxxxxxxx agrees to make payment to the ODFI for all Credit or Debit Entries originated by Xxxxxxxx and for any Debit Entries returned by a Receiving Depository Financial Institution (“RDFI”).

• The Effective Entry Date for an Entry is the date Merchant intends the Debit or Credit to post to the account of the Customer, as stated in the Entry or File of Entries.

More Definitions of Debit

Debit means there will be a charge for the services that PATH will pay."Credit" means the Contractor will be paying PATH.

Debit means there will be a charge for the services, which the Port Authority will pay.

Debit. (D) shall mean there will be a charge for the services which the Port Authority will pay. "Credit"(C) shall mean the Contractor will be paying the Port that price section accordingly. The Bidder may also choose to insert No Credit/ Debit offered, i.e. No Charge. The Bidder shall indicate only one (1) response. If two (2) responses are bid, the Port Authority shall adjust that price section accordingly.

Debit means a withdrawal or other deduction from your Account.

Debit means an acre of sage-grouse habitat permanently disturbed in a SGMA for which Compensatory Mitigation is applicable.

Debit means the movement of funds out of your Account’;

Debit means there will be a charge for the services which the Port Authority will pay. "Credit" shall mean the Contractor will be paying the Port Authority.