Debit
noun
An action that involves removing money from a bank account.
He made a debit of 500 dollars from his bank account.
Often appears as...
- debit card
- debit transaction
Usage tips
Academic
noun
The amount by which money is reduced.
The company's credits well exceeded its debits this year.
Often appears as...
- debit balance
- debit side
Usage tips
Formal
Technical
verb
To remove money from an account.
The bank will debit your account at the end of the month.
Often appears as...
- debit amount
- debit account
Usage tips
Academic
noun
An action that involves removing money from a bank account.
He made a debit of 500 dollars from his bank account.
Often appears as...
- debit card
- debit transaction
Usage tips
Academic
noun
The amount by which money is reduced.
The company's credits well exceeded its debits this year.
Often appears as...
- debit balance
- debit side
Usage tips
Formal
Technical
verb
To remove money from an account.
The bank will debit your account at the end of the month.
Often appears as...
- debit amount
- debit account
Usage tips
Academic
Definition 1 of 3
Pro Tip 1/3Payment Method
In everyday language, 'debit' refers to a type of bank card used for transactions.
I prefer to use my debit card rather than carrying cash.
Pro Tip 2/3Not Credit
'Debit' differs from 'credit' because it uses available funds, not borrowed money.
I avoid debt by using my debit card.
Pro Tip 3/3Immediate Effect
A 'debit' transaction immediately decreases your bank balance.
The coffee shop’s debit reduced my account balance instantly.
Pro Tip 1/3Payment Method
In everyday language, 'debit' refers to a type of bank card used for transactions.
I prefer to use my debit card rather than carrying cash.
Pro Tip 2/3Not Credit
'Debit' differs from 'credit' because it uses available funds, not borrowed money.
I avoid debt by using my debit card.
Pro Tip 3/3Immediate Effect
A 'debit' transaction immediately decreases your bank balance.
The coffee shop’s debit reduced my account balance instantly.
Pro Tip 1/3Payment Method
In everyday language, 'debit' refers to a type of bank card used for transactions.
I prefer to use my debit card rather than carrying cash.
Pro Tip 2/3Not Credit
'Debit' differs from 'credit' because it uses available funds, not borrowed money.
I avoid debt by using my debit card.
Pro Tip 3/3Immediate Effect
A 'debit' transaction immediately decreases your bank balance.
The coffee shop’s debit reduced my account balance instantly.
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Video examples
Brain Magic - The Scam...
important fact your brain is more gullible than you think watch this I want to try a little something with you I don't know if I've ever showed you this and we know each other a couple of years now right right right of course but way back I'd like to show you a little little bet it's like a bar bet umm debiting you
Video examples
The post-crisis consumer...
footprint chronicles basically goes through and tracks every product that they make and gives you social responsibility and helps you understand the ethics that are behind the product that they make another great example is fidelity rather than instant cash back rewards on your credit or debit
Video examples
David Birch: A new way...
And for very lazy criminals, we still emboss the card. So if you're a criminal in a hurry and you need to copy someone's card, you can just stick a piece of paper on it and rub a pencil over it just to speed things up. And even more amusingly, and on my debit card, too,
Video examples
John Gerzema: The...
basically goes through and tracks every product they make, and gives you social responsibility, and helps you understand the ethics behind the product they make. Another great example is Fidelity. Rather than instant cash-back rewards on your credit or debit purchases,
Video examples
Navi Radjou: Creative...
That means you can do all banking transactions -- send and receive money, pay with your debit card -- all with no additional charge. This is what I call low-cost banking without the bank. Amazingly, 75 percent of the customers using this service
Video examples
Can't stick to a budget?...
Now, if deleting it is too permanent or too extreme, you can still change your environment by making as many speed bumps as you can, to slow down the pace of purchases. Maybe link the app to a debit card with a small preset amount of money.
Video examples
The unpaid work that GDP...
It doesn't count at all. All of those activities are on the wrong side of the production boundary. And something that's very important to know about this accounting they call it "accounts," but there's no debit side.
Video examples
Enric Sala: Glimpses of...
while at the same time the reserve is protecting the entire habitat. It is building resilience. So what we have now -- or a world without reserves -- is like a debit account where we withdraw all the time
Video examples
A journey around the...
helicopter and I started walking on the second day from this higher ground up there i trow my for debit bucket in a water trap but i didn't collect enough
Video examples
3 psychological tricks...
Instead, I linked a debit card that only had 300 dollars a month.
Video examples
Brain Magic - The Scam...
important fact your brain is more gullible than you think watch this I want to try a little something with you I don't know if I've ever showed you this and we know each other a couple of years now right right right of course but way back I'd like to show you a little little bet it's like a bar bet umm debiting you
Video examples
The post-crisis consumer...
footprint chronicles basically goes through and tracks every product that they make and gives you social responsibility and helps you understand the ethics that are behind the product that they make another great example is fidelity rather than instant cash back rewards on your credit or debit
Video examples
David Birch: A new way...
And for very lazy criminals, we still emboss the card. So if you're a criminal in a hurry and you need to copy someone's card, you can just stick a piece of paper on it and rub a pencil over it just to speed things up. And even more amusingly, and on my debit card, too,
Video examples
John Gerzema: The...
basically goes through and tracks every product they make, and gives you social responsibility, and helps you understand the ethics behind the product they make. Another great example is Fidelity. Rather than instant cash-back rewards on your credit or debit purchases,
Video examples
Navi Radjou: Creative...
That means you can do all banking transactions -- send and receive money, pay with your debit card -- all with no additional charge. This is what I call low-cost banking without the bank. Amazingly, 75 percent of the customers using this service
Video examples
Can't stick to a budget?...
Now, if deleting it is too permanent or too extreme, you can still change your environment by making as many speed bumps as you can, to slow down the pace of purchases. Maybe link the app to a debit card with a small preset amount of money.
Video examples
The unpaid work that GDP...
It doesn't count at all. All of those activities are on the wrong side of the production boundary. And something that's very important to know about this accounting they call it "accounts," but there's no debit side.
Video examples
Enric Sala: Glimpses of...
while at the same time the reserve is protecting the entire habitat. It is building resilience. So what we have now -- or a world without reserves -- is like a debit account where we withdraw all the time
Video examples
A journey around the...
helicopter and I started walking on the second day from this higher ground up there i trow my for debit bucket in a water trap but i didn't collect enough
Video examples
3 psychological tricks...
Instead, I linked a debit card that only had 300 dollars a month.
Example 1 of 10
Quote examples
Perianne Boring
American Businesswoman
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
Quote examples
Michael Gerber
American Writer
The Big Dream of any entrepreneur really has very little to do with the entrepreneur. If you truly love repairing automobiles, chances are, you'll be a lousy business owner. Likewise, if you are fascinated by debits and credits, the dream of building an accounting firm with you at the helm is probably best left unfulfilled.
Quote examples
Jeffrey Kluger
American Writer
Credit or debit cards, for starters, are nothing short of shoppers' Novocain. Even in the age of digital purchases and virtual money, we still attach a special value to dirty paper with pictures of presidents on it. Handing some of that to a cashier simply hurts more than handing over a little sliver of plastic.
Quote examples
Dave Ramsey
American Speaker
If you're doing something like scheduling utility payments to come through your debit card or out of your personal checking account, that's perfectly fine. But there are much safer ways to handle situations with debt collectors. You can send a money order overnight, or wire the cash to them.
Quote examples
Peter Welch
American Politician
Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.
Quote examples
Shane Filan
Irish Musician
I'm more of a debit card person, and I live in the 'now'. I don't like credit cards anymore. I try to live with whatever I can afford and don't try to put myself in an awkward position. I've done that before.
Quote examples
Frank Abagnale
American Celebrity
I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.
Quote examples
Suze Orman
American Author
I love, love, love that you want to use your debit card. But to keep your credit score solid, you still need to keep a few credit cards and use them at least once every few months.
Quote examples
Sean Pertwee
English Actor
I try to use my debit card rather than a credit card, but I will use a credit card for big purchases because I bank with Coutts and I get points.
Quote examples
Charles Lyell
British Lawyer
Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
Quote examples
Perianne Boring
American Businesswoman
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
Quote examples
Michael Gerber
American Writer
The Big Dream of any entrepreneur really has very little to do with the entrepreneur. If you truly love repairing automobiles, chances are, you'll be a lousy business owner. Likewise, if you are fascinated by debits and credits, the dream of building an accounting firm with you at the helm is probably best left unfulfilled.
Quote examples
Jeffrey Kluger
American Writer
Credit or debit cards, for starters, are nothing short of shoppers' Novocain. Even in the age of digital purchases and virtual money, we still attach a special value to dirty paper with pictures of presidents on it. Handing some of that to a cashier simply hurts more than handing over a little sliver of plastic.
Quote examples
Dave Ramsey
American Speaker
If you're doing something like scheduling utility payments to come through your debit card or out of your personal checking account, that's perfectly fine. But there are much safer ways to handle situations with debt collectors. You can send a money order overnight, or wire the cash to them.
Quote examples
Peter Welch
American Politician
Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.
Quote examples
Shane Filan
Irish Musician
I'm more of a debit card person, and I live in the 'now'. I don't like credit cards anymore. I try to live with whatever I can afford and don't try to put myself in an awkward position. I've done that before.
Quote examples
Frank Abagnale
American Celebrity
I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.
Quote examples
Suze Orman
American Author
I love, love, love that you want to use your debit card. But to keep your credit score solid, you still need to keep a few credit cards and use them at least once every few months.
Quote examples
Sean Pertwee
English Actor
I try to use my debit card rather than a credit card, but I will use a credit card for big purchases because I bank with Coutts and I get points.
Quote examples
Charles Lyell
British Lawyer
Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
Example 1 of 10
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