Definition of be in debit in English:

be in debit

phrase

  • (of an account) show a net balance of money owed to others.

    ‘the account is only 120 francs in debit’
    • ‘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?’
    • ‘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.’
    • ‘At best, the customer owes the bank a duty of care; but this duty is in existence regardless of whether the account is in credit or in debit.’
    • ‘When the payment was posted to the accounts of Dunnes Stores Ireland it was in debit, as there was no corresponding asset.’
    • ‘Imagine my shock when I went to check my balance to find it nearly $60 in debit!’
    • ‘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.’
    be in debt, be in debt to, be indebted, be indebted to, be in arrears, be in arrears to, be under an obligation, be under an obligation to, be obligated, be obligated to, be beholden to
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