Debited
/ˈdɛbɪtɪd/
Definitions
- (v.) Past tense of debit; to have recorded a sum deducted from an account.
The amount was debited from the client's bank account on the transaction date.
Forms
- debit
- debiting
- debits
Related terms
See also
Commentary
Used primarily in accounting and financial contexts within legal documents to denote a deduction from an account.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.