debit memo Meaning in the Cambridge English Dictionary
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Meaning of “debit memo” in the English Dictionary

"debit memo" in Business English

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debit memonoun [C]

uk   us   ( UK also debit note)
BANKING, COMMERCE a ​documentsent to a ​customer when ​money is ​owed from their ​account, for ​example, because of a mistake on an ​invoice: A ​debit or ​creditmemo is received from the ​bank each ​time an ​adjustment is made to the State’s ​bankaccounts. Many larger ​companiesadopt the ​procedure of ​raising a ​debitnote for any ​errors on ​invoices.
(Definition of debit memo from the Cambridge Business English Dictionary © Cambridge University Press)
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