debit balance
"Debit balance" is a common term in accounting and finance, indicating situations where debits surpass credits in an account.
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Definition
C1Accounting
(technical)The amount by which debits in an account exceed credits.
Example
- The company's ledger showed a debit balance due to recent purchases.
C1Banking
(technical)The amount of money owed to a creditor or financial institution.
Example
- She had a debit balance on her credit card statement.
Similar
Terms that have similar or relatively close meanings to "debit balance":