debits

Noun

debit (countable and uncountable, plural debits)

1. In bookkeeping, an entry in the left hand column of an account.
   • A cash sale is recorded as debit on the cash account and as credit on the sales account.
2. A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

See all 6 meanings of debit