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 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)