Debited definitions
| Word backwards | detibed |
|---|---|
| Part of speech | The word "debited" is a verb. |
| Syllabic division | deb-it-ed |
| Plural | The plural of the word "debited" is "debited." |
| Total letters | 7 |
| Vogais (2) | e,i |
| Consonants (3) | d,b,t |
When it comes to finances, understanding the concept of debited is crucial. This term refers to the action of deducting funds from a particular account. Whether it's a checking account, savings account, or credit card, funds can be debited for various reasons such as purchases, fees, or transfers.
Debited Transactions
Debited transactions can occur for a variety of reasons. When you make a purchase using your debit card, the payment amount is immediately debited from your checking account. Similarly, when you pay your credit card bill, the funds are debited from your checking or savings account to cover the payment.
Debit vs. Credit
It's important to distinguish between debit and credit transactions. While debit transactions involve the deduction of funds from an account, credit transactions involve the addition of funds to an account. Understanding the difference between these two types of transactions is essential for managing your finances effectively.
Monitoring Debits
Regularly monitoring your debits is essential for staying on top of your finances. By keeping track of all debited transactions, you can ensure that your account balances are accurate and that you're not overspending. Additionally, monitoring debits can help you identify any unauthorized transactions or errors that may occur.
In conclusion, understanding the concept of debited is crucial for effective financial management. Whether it's monitoring your account balances, tracking your expenses, or making payments, being aware of debited transactions is essential. By staying informed and proactive, you can ensure that your finances are in good shape and that you're making sound financial decisions.
Debited Examples
- The bank debited my account for the monthly mortgage payment.
- I debited the purchase of groceries on my credit card.
- The company debited the employee's paycheck for health insurance premiums.
- I debited the expense of a new laptop on my business account.
- The utility company debited my account for the electricity bill.
- He debited the cost of repairs on the rental property to his maintenance fund.
- The online retailer debited my account for the purchase of a new book.
- She debited the expense of travel accommodations on her personal credit card.
- The credit card company debited my account for the annual fee.
- They debited the subscription fee from my checking account.