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debit

US /ˈdɛbɪt/

noun, verb Advanced · C1 Tài chính & ngân sách

Definition

an accounting entry acknowledging sums that are owing

Tested in TOEIC business and workplace contexts.

Examples

The bank will debit your account on the first day of each month.

Synonyms

  • chargean impetuous rush toward someone or something
  • deductiona reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

Collocations

  • Easy pay by debit card
    to give money in exchange for goods or services regarding by debit card
  • Medium direct debit payment authorization
    to direct debit payment authorization, meaning to command with authority
  • Hard debit an account for transactions
    to debit an account for transactions, meaning to enter as debit
  • Very Hard debit balance exceeding credit limits
    to debit balance exceeding credit limits, meaning to enter as debit

Learner's English edition · Curated definitions for TOEIC learners.