debit debit  /ˈdɛ bɪt/

Definition(s):

  1. (n) an accounting entry acknowledging sums that are owing
  2. (v) enter as debit

Antonyms(s)

Usage(s):

  1. Because debit cards deduct money directly from the cardholder's bank account, it's not possible to pile up debt like you can with a credit card.
  2. The banks say that being threatened with legislation had no impact on their decisions to make annoying debit card overdraft fees slightly less annoying.
  3. Pay-O-Matic, which operates 100 outlets in New York City, recently launched a debit card that earns 3% annual interest on the unused balance.

News

  1. Pros and cons of prepaid debit cards

    Prepaid debit card use is exploding. They're now the fastest growing payment method. Americans spent about $37 billion on prepaid debit cards last year -- double the amount from 2009, according to the Network Branded Prepaid Card Association.
    on June 22, 2013     Source: Bankrate.com

  2. Police: Man charged $700 on stolen debit card

    A 21-year Bryan resident is facing four charges of debit card abuse after a woman reported unauthorized charges on her card.
    on June 22, 2013     Source: The Bryan-College Station Eagle

  3. McDonald’s Debit Card Lawsuit Causes Parent Company To Back Away

    The McDonald’s debit card lawsuit has finally sparked a response from the McDonald’s parent company. In recent days, there has been a wave of bad publicity after an employee filed a lawsuit alleging that she was forced to use a fee-laden debit card to receive her pay — causing her to lose much of her... Read more » McDonald’s Debit Card Lawsuit Causes Parent Company To Back Away is a post from ...
    on June 19, 2013     Source: The Inquisitr

Quotes

  1. "We found that the NIHE has been very slow to introduce measures designed to maximise rental income," Mr Maskey said. "For example, a direct debit facility will not be in place for rent payments until 2010."
    on Nov 4, 2009 By: Paul Maskey Source: BBC News

  2. "The SEPA Direct Debit scheme is one of the key elements in establishing a single euro payment area. It offers enormous potential for individuals and businesses to manage cross frontier payments on the basis of a single bank account," said...
    on Sep 4, 2008 By: Charlie McCreevy Source: Xinhua

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