Glossary:Debit

A debit is the opposite to a credit and is an expression of a debt owed in the form of a loan that must be repaid, trade credits, bonds, bills and other agreements that give rise to specific obligations to repay over a period of time; usually, but not always, with interest.

Related concepts

• Credit

Statistical data

• Balance of payment statistics

Source

• Glossary Organisation for Economic Cooperation and Development (OECD)