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What is another word for debit?

Pronunciation: [dˈɛbɪt] (IPA)

Debit is a common term used in the financial world, which refers to an entry made on the left side of an account to represent an increase in assets or a reduction in liabilities. However, there are several other synonyms for debit, such as charge, withdraw, take away, subtract, and remove. These words have similar meanings to debit and are often used interchangeably in financial transactions. For instance, a bank may charge a customer's account for a purchase made, or deduct money from a savings account to pay off a loan. Overall, these synonyms aid in simplifying financial jargon and facilitate better communication between financial experts and customers alike.
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Antonyms
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Synonyms for Debit:

What are the paraphrases for Debit?

Paraphrases are restatements of text or speech using different words and phrasing to convey the same meaning.
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What are the hypernyms for Debit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • hypernyms for debit (as verbs)

What are the hyponyms for Debit?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the opposite words for debit?

Debit, often associated with banking and accounting, means to remove money from an account or to record an expense. Its antonym would be "credit," which means to add money to an account or to acknowledge the receipt of payment. Another antonym for the word "debit" would be "credit balance," which indicates that there is money available in the account. Whereas, the antonym of debit card, which is an instrument to deduct an amount from bank account, would be credit card, which allows the holder to make purchases on credit. In short, antonyms of the word "debit" are words that refer to the opposite action of adding or acknowledging money in a financial transaction.

What are the antonyms for Debit?

Usage examples for Debit

That is a debit and credit affair.
"Quicksands"
Adolph Streckfuss
Let us first examine the psychological debit account.
"Psychology and Social Sanity"
Hugo Münsterberg
At least he knew the difference between the debit and the credit side of the ledger, and had grasped the fundamental principle of domestic finance, viz.
"One Woman's Life"
Robert Herrick

Famous quotes with Debit

  • Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
    Charles Lyell
  • Never call an accountant a credit to his profession a good accountant is a debit to his profession.
    Charles J. C. Lyall

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