Debit

The opposite of credit.

In Banking when you withdraw money or make purchases, your bank account is debited, reducing the balance.

Debit cards are used for transactions that directly withdraw funds from your account.

Example: Sam had a $900 balance, then a debit of $100 reduced it to $800.

In Accounting a debit represents:
• An increase in assets or expenses.
• A decrease in liabilities, equity, or revenue.

Debits are used to record transactions that reduce what you (or a business) owe or increase what you own or spend.