As all commercial transactions are literally called either credits or debits and the definition for debit according to Webster's debit noun Definition of debit

As all commercial transactions are literally called either credits or debits and the definition for debit according to Webster's debit noun Definition of debit (Entry 2 of 2) 1a : a record of an indebtedness specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account I would say yes all transactions involved debt.