debit account

noun3

1. •
   An account with a bank or store, in which the account holder deposits money that can later be drawn on to make purchases.

   • You go to the bank and set up a debit account. You will get a debit account checkbook, and a debit card. You can use either one when you shop. — 2002
2. •
   An account in which credits (money owed to the business) exceed debits (expenses).

   • If the entries on the left hand exceed in amount the entries on the right hand, the account is a debit account or an asset, and its value is the excess. — 1891
3. •
   An account in which debits exceed credits.

   • For two months past the Director has had personally to meet deficiencies in the working expenses of the Institute and so our semi-annual account stands with a few dollars to the debit account. — 1916