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debit
(redirected from Debits and credits)

   Also found in: Legal, Financial, Wikipedia 0.10 sec.

debit

A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit.



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By 2005, after trading debits and credits for robbers and drug dealers, he was an officer with five years on the job.
Second, companies have to fill the accounting holes left when the auditor could no longer help them get the complex debits and credits right.
Precise allocations of returns by debits and credits were not available.
 
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