n.
Function: noun
Etymology: Latin debitum debt
Date: 1746
1 a : a record of an indebtedness specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account b : the sum of the items entered as debits
2 : a charge against a bank deposit account
3 : DRAWBACK , SHORTCOMING