debit side

/'debɪt saɪd/ noun
a left-hand column of accounts showing money owed or paid to others

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • debit side — noun account of payments owed; usually the left side of a financial statement • Hypernyms: ↑accounting, ↑accounting system, ↑method of accounting …   Useful english dictionary

  • on the debit side — as an unsatisfactory aspect of the situation on the debit side, they predict a rise in book prices * * * on the debit side 1 chiefly Brit : in the section of a financial record where debits are written Enter these amounts on the debit side. 2… …   Useful english dictionary

  • Debit — Deb it, n. [L. debitum what is due, debt, from debere to owe: cf. F. d[ e]bit. See {Debt}.] A debt; an entry on the debtor (Dr.) side of an account; mostly used adjectively; as, the debit side of an account. [1913 Webster] …   The Collaborative International Dictionary of English

  • debit entry — / debɪt ˌentri/ noun an entry on the debit side of an account …   Marketing dictionary in english

  • debit entry — / debɪt ˌentri/ noun an entry on the debit side of an account …   Dictionary of banking and finance

  • debit — To debit is to place an entry on the left hand side of an account. A debit in a liability account makes it smaller. A debit in an asset account makes it larger. Glossary of Business Terms An expense, or money paid out from an account. A debit… …   Financial and business terms

  • debit — deb|it1 [ˈdebıt] n [Date: 1400 1500; : Latin; Origin: debitum debt ; DEBT] 1.) technical a decrease in the amount of money in a bank account, for example because you have taken money out of it ≠ ↑credit →↑direct debit 2.) …   Dictionary of contemporary English

  • side — I n. right or left part 1) the left; right side 2) the credit; debit side (of a ledger) 3) on a side (on the sunny side of the street) faction, party 4) to take smb. s side; to take sides ( to support a faction ) 5) the losing; right; winning;… …   Combinatory dictionary

  • debit — deb•it [[t]ˈdɛb ɪt[/t]] n. 1) the record kept of another s indebtedness 2) bus a) a recorded item of debt b) any entry or the total shown on the debit side c) bus the left hand, or debit, side of an account (opposed to credit 9), b)) 3) a failing …   From formal English to slang

  • debit — n. & v. n. 1 an entry in an account recording a sum owed. 2 the sum recorded. 3 the total of such sums. 4 the debit side of an account. (debited, debiting) 1 (foll. by against, to) enter (an amount) on the debit side of an account (debited… …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.