I. deb ‧ it 1 /ˈdebət, ˈdebɪt/ BrE AmE noun [countable]
[ Date: 1400-1500 ; Language: Latin ; Origin: debitum 'debt' ; ⇨ ↑ debt ]
1 . technical a decrease in the amount of money in a bank account, for example because you have taken money out of it OPP credit ⇨ direct debit
2 . technical a record in financial accounts that shows money that has been spent or that is owed OPP credit
3 . on the debit side used to say that something is a disadvantage in a particular situation, especially after you have described the advantages:
Bikes are easy to park, but on the debit side they can be dangerous in traffic.
II. debit 2 BrE AmE verb [transitive] technical
1 . to take money out of a bank account OPP credit
debit something from something
The sum of £25 has been debited from your account.
2 . to record in financial accounts the money that has been spent or that is owed
debit something against/to something
Purchases are debited against the client’s account.