debiting

Meanings

• Verb

  The act of debiting or reducing an account, usually a bank account, by recording an amount that has been paid out or withdrawn.

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Variants

List of all variants of debiting that leads to same result
debit , debited , debiting , debits

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'debiting' comes from the Latin word 'debitare', which means 'to owe' or 'to be in debt'. It is related to the verb 'debere', which means 'to owe'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first recorded use of the term 'debit' in English was in the 14th century?

2. The word 'debit' is also used in the context of environmental accounting to describe the removal of natural resources or the creation of waste.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Credit: The opposite of debiting is crediting, which involves increasing an account balance by recording an inflow of funds or income.

2. Debtor: A person or entity that owes a debt or obligation to another party.

3. Debit note: A document used in accounting to record a debt owed by one party to another.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, 'debiting' has been used metaphorically to describe the process of acknowledging or recognizing a debt or obligation. For example, in the novel 'Moby Dick', Captain Ahab's obsession with hunting the white whale can be seen as a 'debt' he feels he must pay to avenge the loss of his leg.

How to Memorize "debiting"

1. visualize
   

   - Visualize the act of writing or recording a debt in a ledger or account book.

2. associate
   

   - Associate the word 'debiting' with the idea of reducing an account balance or paying a debt.

3. mnemonics
   

   - Use the mnemonic 'Debit means Debtor's Bills Increase Before Taxes' to remember the meaning of the term.

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