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Debit (2)
DEBIT (2)

Definition: A sum of money taken from a bank account.
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* All eight elements should be in.


1. Purposeful and necessary - whatever the amount.

2. Requested and authorized or approved - whoever the account owner.

3. Taken out at the right time - whatever the account balance.

4. Amount is correct - whatever currency!

5. Account from which deduction is made is the right one - be it current, deposit or fixed, savings, etc.

6. Amount is credited to the right account(s), or paid to the proper beneficiary/beneficiaries - a friend's or some foe's.

7. (Reserved.) (Sum does not lead to a run on the bank, or to a collapse of the financial institution!) (Connect to #4.)

8. Deduction serves purpose(s) - fund-raising, investment, etc., etc.
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See perfect NUMBERED ACCOUNT.

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