debit balance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “debit balance” in the English Dictionary

"debit balance" in Business English

See all translations

debit balancenoun [C]

uk   us  
BANKING, FINANCE an amount of money in a bank account, etc. which is less than zero because more money was taken out of it than the total amount that was paid into it: Customers should consider transferring the debit balance to a credit card with a special rate for debt transfers.
ACCOUNTING the amount, shown in the record of a company’s finances, by which its total debits are greater than its total credits: Debit balances may arise due to timing differences, in which case income will be accrued at the year end to offset the debit.
(Definition of debit balance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of debit balance?
Add Cambridge dictionaries to your browser to your website

“debit balance” in Business English

A blazing row: words and phrases for arguing and arguments
A blazing row: words and phrases for arguing and arguments
by ,
May 04, 2016
by Kate Woodford We can’t always focus on the positive! This week, we’re looking at the language that is used to refer to arguing and arguments, and the differences in meaning between the various words and phrases. There are several words that suggest that people are arguing about something that is not important. (As you might

Read More 

Word of the Day

spaceship

(especially in stories) a vehicle used for travel in space

Word of the Day

trigger warning noun
trigger warning noun
May 02, 2016
a warning that a subject may trigger unpleasant emotions or memories This is not, I should stress, an argument that trigger warnings should become commonplace on campus.

Read More