Define Debit Account. means an account which we may request you to maintain with us, designated for the purpose of Debit Transactions, and which is not linked to any savings or current account;
debitrate (Verb) to substract from an account debitrate To extract money electronically at point of sale. To pay for purchases electronically in lieu of cash. Usage: Will that be cash, credit, or debit? Is there a debit machine here?
The meaning of ACCOUNT is a record of debit and credit entries to cover transactions involving a particular item or a particular person or concern. How to use account in a sentence.
Synonyms of account 1a : a record of debit (see debit entry 2 sense 1a) and credit (see credit entry 1 sense 2d) entries to cover transactions involving a particular item or a particular person or concern b : a statement of transactions during a fiscal period and the resulting balance ...
Debiting.] 1. To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold. 2. (Bookkeeping) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold. Meaning of Debit from wikipedia - Debits ...
debit n.a means of charging (inDOUBLE-ENTRY ACCOUNTS) for services rendered by a firm. This is done by making an accounting entry which records the value ofGOODSorSERVICESsupplied by the company in the company's account of the customer for these goods and services. A debit entry in a com...
Define debit. debit synonyms, debit pronunciation, debit translation, English dictionary definition of debit. n. 1. An item of debt as recorded in an account. 2. The left-hand side of an account or accounting ledger where bookkeeping entries are made. 3.
any entry or the total shown on the debit side. the left-hand side of an account on which such entries are made (credit). an undesirable or disadvantageous feature. verb (used with object) to charge with a debt: The store debited her account for the purchase. ...
call to account 1.To challenge or contest. 2.To hold answerable for. on account On credit. on account of Because of; for the sake of:"We got married on account of the baby"(Anne Tyler). on no account Under no circumstances.
A due from account is a debit account that indicates the number of deposits currently held at another company. A due from account tracks assets owed to a company and is not used for the tracking of any liabilities or obligations. The due from account is typically used in conjunction with a...