debit balance

Definition

The amount that a business or individual owes a lender, seller, or factor.

Use debit balance in a sentence

The debit balance was not very good and we knew that we needed to get more money into it as soon as possible.

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You should always make sure that you do not have to high of a debit balance or you may not be able to pay it off.

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The debit balance was still affecting the company's balance sheet negatively so we had decided to make a large payment.

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customer's loan consent contra-liability account