debit
ਡੈਬਿਟ
definition
verb
$10,000 was debited from their account
(of a bank or other financial organization) remove (an amount of money) from a customer's account, typically as payment for services or goods.
noun
As such, a deficit may be a result of the claims foreigners have on the local economy (recorded as a debit in the current account).
an entry recording an amount owed, listed on the left-hand side or column of an account.
example
Prior to the switch, the narrative of the account often reported the amounts in dollars while the 'debit' and credit entries would continue using British currency.
In a valid cheque the instrument must have the customer's signature: a forged cheque is not a valid mandate, and the bank cannot 'debit' the customer's account.
A common instance is the forged cheque which, however expertly done, does not entitle the bank to 'debit' a customer's account.
The second section was the ledger, consisting of all accounts and their 'debit' and credit entries.
We will 'debit' your account as we find appropriate.
Consequently, the coal account registered, on its 'debit' side, production expenses and, in a later phase, also the general expenses and selling expenses.
The other reports deal with accounts that have negative equity - that is, the 'debit' in the account exceeds the market value of the securities held in the account.
The 'debit' entries from a page in Cottin's account book have been translated in Table 2.
a further 'debit' of £21 6s 6d had been received from the Locomotive Department
By the time of the forfeiture in August 1995 Mr Jaura had an overdraft of £3,125 and a 'debit' on his loan account of some £45,000.
cash terminals automatically 'debit' a customer's bank account
The small 'debit' left on the account was cancelled as an ‘out trade resolution’.
As such, a deficit may be a result of the claims foreigners have on the local economy (recorded as a 'debit' in the current account).
Mr Shaw agreed that, if the solicitor did not post such a 'debit' to the office side of the ledger, there would be a credit balance on the office side of the ledger.
The opposite is true when a country receives capital: paying a return on a said investment would be noted as a 'debit' in the current account.
The recipient would receive money in a new account, and PayPal would 'debit' the sender's credit card or bank account.
Not only do you now have a substantial monthly 'debit' from your account, you also have to consider associated costs, furniture and, of course, bills.
a double-entry system of bookkeeping, where each 'debit' has a corresponding credit entry
So the legal point of phantom withdrawals hinged on the question: if a PIN is typed into an ATM with a card that matches an account number, is that a mandate by the customer for the bank to 'debit' their account?
Approaching the toll bridges, electronic sensors read the tags, 'debit' the customer's account with the toll fee and automatically lift the barriers.
The 'debit' column in Boroughmuir's ledger has a few entries this morning, but there is nothing there to suggest they are near bankrupt.
A deficit could also stem from a rise in investments from abroad and increased obligations by the local economy to pay investment income (a 'debit' under income in the current account).
On the two occasions when I have had irregularities with the use of my ATM card (both involving a 'debit' to my account when I had not in fact received cash from the ATM), I went to the banks involved.
The taxpayer's bank account details are inserted on the form, together with confirmation of the total amount of tax to be 'debited' .
Another reader realised that a three-year personal loan which had matured, continued to be 'debited' directly from his account for a further 12 months.
Around 500 residents have been contacted by letter explaining that the computer fault had stopped money being 'debited' from bank accounts and asking them to make a direct payment.
The sawmill ledger included a chair account containing a few 'debits' and numerous credits for various types of chairs, likely fashioned from the sawmill's output.
The point is that accounting is not as simple as 'debits' and credits.
They were also having their accounts 'debited' for short message services despite the messages not reaching their destinations.
Because the money is 'debited' from your account within two to three days of the transaction, the consumer has a better idea of where they stand at the end of the month, said O'Reilly.
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