DEBIT

an accounting entry which results in either an increase in assets or a decrease in liabilities or net worth, opposite of credit. Debit Card a card which allows customers to access their funds immediately, electronically. Unlike a credit card, a debit card does not have any float and money is taken out of your account immediately, UGH!You may not get the same protection from problem products or stolen cards that you get with a credit card. Debit cards are usually easier to obtain than credit cards and more commonly accepted than checks.(see credit card).