I. deb‧it¹ /ˈdebət, ˈdebɪt/ noun [countable]
[Date: 1400-1500; Language: Latin; Origin: debitum 'debt'; ⇒ debt]

1. technical a decrease in the amount of money in a bank account, for example because you have taken money out of it Antonym : credit ⇒ direct debit

2. technical a record in financial accounts that shows money that has been spent or that is owed Antonym : credit

3. on the debit side used to say that something is a disadvantage in a particular situation, especially after you have described the advantages:
Bikes are easy to park, but on the debit side they can be dangerous in traffic.

[TahlilGaran] Dictionary of Contemporary English ▲

II. debit² verb [transitive] technical

1. to take money out of a bank account Antonym : credit
debit something from something
The sum of £25 has been debited from your account.

2. to record in financial accounts the money that has been spent or that is owed
debit something against/to something
Purchases are debited against the client’s account.

[TahlilGaran] Dictionary of Contemporary English ▲

debit
verb
ADV. automatically
PREP. from The money will be debited from your account.
with Your current account is automatically debited with the amount of your purchase.

[TahlilGaran] Collocations Dictionary ▲