Debiting
/ˈdɛbɪtɪŋ/
Definitions
- (n.) The act of recording an amount on the debit side of an account, reflecting a reduction or charge.
The accountant noted the debiting of the client's account for the payment.
- (v.) Present participle of debit, indicating the action of charging or deducting an amount from an account.
The bank is debiting the fees from the customer's checking account.
Related terms
See also
Commentary
In legal and financial contexts, 'debiting' primarily pertains to accounting entries; as a gerund or noun, it focuses on the action or instance of charging accounts, important for clarity in contracts and financial documentation.
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.