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English definition of “debit memo”

debit memo

noun [C]
 
 
( UK also debit note)
BANKING, COMMERCE a document sent to a customer when money is owed from their account, for example, because of a mistake on an invoice: A debit or credit memo is received from the bank each time an adjustment is made to the State’s bank accounts. Many larger companies adopt the procedure of raising a debit note for any errors on invoices.
(Definition of debit memo from the Cambridge Business English Dictionary © Cambridge University Press)
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