If an item or a customer's account is debited, money is taken out of it to pay someone else. When you charge your credit card, you credit the credit card account to increase the amount that you owe, and debit the expense that you charged on it. The bank will debit your account for the fees.
DEBITED definition: 1. past simple and past participle of debit 2. to take money out of an account or keep a record of…. Learn more.
debited or credited, Business a recorded item of debt. any entry or the total shown on the debit side of an account. Business the left-hand, or debit, side of an account. a failing or shortcoming: one of the debits in that plan. to charge with or as a debt: They debited my account for the amount I owed.
debited or credited, deb it (deb′ it), n. Definition of debit verb from the Oxford Advanced Learner's Dictionary. when a bank debits an account or debits money from an account, it takes money from the account. debit something (from something) The money will be debited from your account each month. It shows that the customer has debited the seller's account with the value of the goods returned. The total sum is then debited to your Current Account.
The appropriate fee should either accompany the application form, or will be debited to your firm's credit account where appropriate.
