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

  • Youmay also use a Debit Card to purchase goods and services from merchants that participate in certain EFT networks and have agreed to accept your card as a means of payment.

  • The maximum combined amount of Debit Card purchases through POS-based transactions is at least $1,500 per day.

  • You may use an ATM card or a Debit Card for deposits, for withdrawals, and to verify Account balances.

  • If you have a Debit Card with the Mastercard logo, you may purchase goods and services from merchants that accept Mastercard and make withdrawals from your linked BECU Checking or Savings Account at other financial institutions participating in the Mastercard program.

  • You may not stop payment for non-recurring POS transactions or other ATM or one-time Debit Card transaction.


More Definitions of Debit

Debit means there will be a charge for the services which 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 an acre of sage-grouse habitat permanently disturbed in a SGMA for which Compensatory Mitigation is applicable.
Debit means a unit of wetland value, in acres, that is withdrawn from the wetland mitigation bank upon approval of a banking transaction.
Debit means a withdrawal or other deduction from your Account.
Debit means the movement of funds out of your Account’;