withdraw/debit
To take money out of a bank account would be a withdraw (represented by a negative number).
Withdrawal or debit refers to the process of removing funds from a bank account. It means that the account holder has taken money out of their account, either in the form of cash from an ATM or by transferring funds to another account.
Withdrawals or debits can occur for various reasons, such as paying bills, purchasing goods or services, or transferring money to another account. When a withdrawal is made from a checking account, it will reduce the balance available in that account. Similarly, when a debit is made on a credit card account, it will increase the balance owed.
It is important to keep track of withdrawals and debits to ensure that there are no unauthorized transactions or errors. Always check your bank statements regularly to ensure that all withdrawals and debits are properly authorized and recorded.
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