Noun Debitor Definition and Examples


Noun:

Debitor

Pronunciation:

/ˈdɛbɪt/

Definition:
1.

noun

An entry recording a sum owed, listed on the left-hand side or column of an account.
  1. '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.'
  2. 'Instead, they saw, and only infrequently, the madam's account book, listing debits and credits, with the larger totals in the debit column.'
  3. '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).'
  4. 'On the contrary, these are among the most lamentable debits on the balance sheet of empire.'
  5. '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.'
  6. 'To be a player in this electronic financial landscape, one just has to borrow and lend money in the markets - create a balance sheet of entries on the vast electronic ledger of debits and credits.'
  7. '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.'
  8. 'Alternatively, the page was divided into two columns for recording debits and credits.'
  9. 'The debit column in Boroughmuir's ledger has a few entries this morning, but there is nothing there to suggest they are near bankrupt.'
  10. 'The second section was the ledger, consisting of all accounts and their debit and credit entries.'
  11. 'a further debit of £21 6s 6d had been received from the Locomotive Department'
  12. '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.'
  13. '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.'
  14. 'It has to do with accounting for debits and credits within the tax system which Parliament has mandated.'
  15. 'As his business is largely cash-based, he doesn't write a lot of cheques or have many debits and credits.'
  16. 'Both of the debits set up on my account were for ca. £32-smallish sums that could go unnoticed in the sea of transactions.'
  17. 'Her case has been that all debits to the Joint Account in excess of the £200,000 limit fixed by the 1988 Facility are unenforceable against her except insofar as they represent interest on borrowing up to that limit.'
  18. 'Another aspect of the growth in electronic delivery channels has been the sharp growth in direct entry (both debits and credits) and the decline in the use of cheques.'

verb

(of a bank or other financial organization) remove (an amount of money) from a customer's account.
  1. 'But enough transactions were made for more than US $3.5 m to be debited from current accounts, mostly through unsigned paper cheques.'
  2. 'It automatically debits the children's allowance monthly payment to its Childcare deposit account.'
  3. 'I pay several bills using standing orders, yet these payments reach their recipients up to five working days after being debited from my account.'
  4. 'The entire monthly balance is automatically debited from your bank account on a pre-arranged date.'
  5. 'My bank incorrectly debits a transfer twice from my account, sending me massively overdrawn and making my account unusable for days.'
  6. 'Some time afterwards he discovered that money was being debited from his bank account.'
  7. 'As well as using the credit card to obtain goods or services, the card-holder may obtain cash by the use of the card but he is then charged interest from the date the amount is debited from his account with the issuer.'
  8. 'I am trying to determine whether it is possible for my Cable & Wireless bill to be automatically debited from my account every month.'
  9. 'Because checks before money is debited from your account can be minimal at times, it is possible for a criminal to ‘clone’, that is copy, your card and use that as if it you were using it yourself.'
  10. '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.'
  11. 'cash terminals automatically debit a customer's bank account'
  12. 'One account is debited for the amount involved in any transaction and another account is credited.'
  13. 'I was told this could not be done until November, and was then dismayed to find the company had debited my bank account for the following year, using an out-of-date debit card.'
  14. 'Bingo, your credit card or bank account will automatically be debited and you can toddle off with your shopping.'
  15. 'The Liquidator claims that the bank wrongfully and without authority debited the company's account with that sum.'
  16. 'So, the bank provided him with fire cover through its own insurance and also debited his account for the monthly premiums, but without first discussing it with him.'
  17. 'A common instance is the forged cheque which, however expertly done, does not entitle the bank to debit a customer's account.'
  18. 'The recipient would receive money in a new account, and PayPal would debit the sender's credit card or bank account.'
  19. 'The malicious emails - normally a fake order confirmation for an IBM Laptop PC - told the recipient that their bank account has been debited for £1,099.99 and provides a link to check or cancel the order.'
  20. 'Once you sign up, your account will be debited automatically every month, unless you cancel immediately.'
  21. 'Approaching the toll bridges, electronic sensors read the tags, debit the customer's account with the toll fee and automatically lift the barriers.'
((n.) A debtor.)


noun, Obsolete.

1. a debtor.

Origin:
Late Middle English (in the sense ‘debt’): from French débit, from Latin debitum ‘something owed’ (see debt). The verb sense dates from the 17th century; the current noun sense from the late 18th century.

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