Debit is a debit is the opposite of a credit. For example, a debit can be an account balance representing money you owe a lender, or it can be the amount you owe your broker for securities you have bought on margin. A debit card differs from a credit card, since it allows you to take money out of your bank account electronically, either as cash or as an on-the-spot payment to a merchant, rather than borrowing the money from the card issuer.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). debit. Retrieved September 20, 2026, from http://smartdefine.org/debit/definitions/1151516 |
| Chicago | Barry Goldsmith. 2010. "debit" http://smartdefine.org/debit/definitions/1151516 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, debit, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/debit/definitions/1151516>. |
| MLA | Barry Goldsmith. "debit" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/debit/definitions/1151516> |