debit balance

Definition

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

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Related Terms

balance - More

credit balance -

adjusted debit balance - More

Mentioned in these terms

customers' net debit balance

Related Terms on BusinessDictionary

dangling debit
deficit carried forward
letter of setoff

normal account balance
underapplied overhead

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... part of the Lending & Credit subject.

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