Definition of be in debit in English:

Share this entry

be in debit

(Of an account) show a net balance of money owed to others: the account is only 120 francs in debit
More example sentences
  • If the customer's account is in debit, the increase of the amount of the overdraft by the interest charged does not, in reality, discharge a liability.
  • Alnor's account, on the other hand, was in debit to the extent of about US $2.8 million and the combined margin account was in debit even after taking into account Profilati's credit position.
  • I explained that if I don't have enough money in the account, then I can't get the money out, how can it possibly be in debit?
See parent entry: debit
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.