Words / D / Business

debit

noun/ˈdebɪt/

A2CEFR level
20/100Rarity: fairly common
TechnicalRegister

An entry on the left side of an account that increases an asset or expense or reduces a liability.

The purchase was recorded as a debit to inventory and a credit to payables.

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting