Is “Debit” a Scrabble word?

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Yes
DEBIT
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Debit

/ˈdɛb.ɪt/

noun
  1. 1.In bookkeeping, an entry in the left hand column of an account.

    A cash sale is recorded as debit on the cash account and as credit on the sales account.

  2. 2.A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.

verb
  1. 1.To make an entry on the debit side of an account.

  2. 2.To record a receivable in the bookkeeping.

    We shall debit the amount of your purchase to your account.

adjective
  1. 1.Of or relating to process of taking money from an account

  2. 2.Of or relating to the debit card function of a debit card rather than its often available credit card function