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

• The Direct Debit Authority will set out any amounts payable by a Member to the DD Provider on top of any fees contemplated under this Membership Agreement.

• This Membership Fee will be payable on an ongoing basis debited from your account on a monthly basis on the Direct Debit Date for the duration of your Membership until your Termination Date and relates to the services provided by Revo Fitness as set out in the ‘description of services’ contained in the Membership Agreement.

• The Account The Account consists of a non-interest-bearing online demand deposit account, which can be used to make payments, to transfer funds to your same-named external account through outgoing wires, to transfer funds to third parties from your Account by using the Mobile App to initiate an Automated Clearing House transfer (“ACH Transfer”), as provided for in item 2(B), and used to hold your deposits through the use of the Nomad Visa® Debit Card (“Card”) that is automatically issued with the Account.

• If you terminate the Direct Debit Authority in a manner not described in this Membership Agreement, you may be liable to us for damages for breach of contract.

• Cancellation of Direct Debits Pursuant to the terms of your Direct Debit Authority, your Membership Fees will continue to be debited from your credit card or account until we cancel the arrangement by notifying the DD Provider following your termination of this Membership Agreement.

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.