debit balance
Definition
Amount that is owed, for example to a lender or seller. In banking, it is the amount owed by an account holder to the bank when the account is overdrawn.
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debit balance is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
debit balance appears in the definitions of the following terms: overdraft, dangling debit, deficit carried forward, normal account balance, underapplied overhead and letter of setoff
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