DEBIT

A sum charged as due or owing. The term ls used in book-keeping to denote the charging of a person or an account with all tha:t is supplied to or paid out for him or for the subject of the account. DEBITA FUNDI, L. Lat. In Scotch law. Debts secured upon land. Ersk. Inst. 4, 1, ll.. DEBITA LAICORUM, L. Lat. In old English law. Debts of the laity, or of lay persons. Debts recoverable in the civil courts were anciently so called. Crabb, Eng. Law, i07. ' Deblta sequuntur person am debitorls. Debts follow the person of the del:it or; that is, they'hiive no locality, and may be collected wherever the debtor can be found. 2 Kent, Comm. 429; Story, Confl. Laws, § 362. [s. 340]