Debit
/ˈdɛbɪt/noun
An entry recording an amount owed, typically in accounting.
Did you know?The term 'debit' originates from the Latin word for 'he owes', reflecting ancient practices of tracking debt and obligation, a powerful concept in financial sorcery.
Etymological Timeline
Latin
Latin
debitum
“something owed, a debt”
Middle English
Middle English
debit
“the amount owed or to be paid; an account entry of money owed”
Late 14th Century
Latin
debitare
“to owe, to be under obligation”
16th Century
Latin
debitus
“owed, due”
Modern English
English
debit
“an entry recording a reduction in assets or increase in liabilities, reflecting the obligation to pay.”