Debited

The past tense and past participle of the verb 'debit', meaning to deduct or subtract an amount from an account. It signifies a financial transaction where money is removed, usually from a bank account, credit card, or other financial instrument. The act implies a recorded decrease in the balance due to expenses, payments, or charges. The term is often used in accounting and financial statements to indicate outflows of money and financial liability. 'Debited' suggests a completed action involving the reduction of funds, and often appears in transaction records and invoices to indicate an item has been charged.

Debited meaning with examples

• The bank statement clearly showed that my account was debited for the monthly subscription fee of $25. This charge was clearly listed and explained, reflecting a financial obligation met with an electronic transaction. This debit reduced my available funds.
• After receiving the goods, the company debited the customer's account according to the agreed-upon price. The debit occurred once the invoice was approved and payment was finalized, properly reducing the accounts receivable.
• The accountant noted that several expenses had been debited to the business account during the first quarter, a detailed record of business costs and associated funds transfer activities, with explanations for each debit.
• The unauthorized transaction resulted in my account being debited a substantial amount. The bank is investigating the fraudulent activity after my report; and are working to reverse the debit.
• The online platform automatically debited my credit card for the annual software license. Each year this same process occurs and is clearly reflected in my transaction history after the account is debited.