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Debit balance

💡 Words with a Similar Meaning to "Debit balance"

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WordDefinition
debit cardnoun(banking) A card similar to a credit card, but which withdraws funds directly from the bank account, rather than borrowing the funds from the issuer of the card.
debit notenoun(accounting) A commercial document issued by a seller in order to adjust upwards the amount of an invoice already issued.
debitingverbThe act of making a debit in accounting.
bank accountnounA fund, held by a bank in a contractual arrangement between the bank and the owner of the fund, a customer of the bank, into which they can deposit and from which they can withdraw money.
debitsnounA sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
cash accountIn business practice, cash account refers to a business-to-business or business-to-consumer account which is conducted on an immediate payment basis i.e. no credit is offered.
debitedverbTo make an entry on the debit side of an account.
direct debitnouna single order to allow a commercial, or similar entity to charge directly to one's bank for a regular payment.
bank cardnoun(banking) A card issued by a bank, which may entitle the holder to a variety of services similar to that of a credit card or debit card, or allow withdrawal of cash from ATMs.
bank statementnounA communication from a bank to a person holding an account in that bank, usually issued monthly, detailing the value of the holdings in that account and the effects of all transactions occurring with respect to that account.
bankcardnounA card that a bank issues used by the cardholder in the course of authorization to receive bank services.
deposit accountnoun(banking) A bank account maintained by a financial institution in which a customer can deposit and withdraw money.
checking accountnounA current account; a bank account from which money can easily be transferred, by check(US)/cheque(UK) or other means.
balancesnoun(uncountable) A state in which opposing forces harmonise; equilibrium.
creditcardnoun
credit cardnoun(banking) A plastic card, usually with a magnetic strip or an embedded microchip, connected to a credit account and used to buy goods or services.
savings accountnoun(finance, banking) A bank account designed for a client's savings, which compared to a current account typically entails withdrawal restrictions but yields a better interest.
current accountnoun(UK, Ireland, Commonwealth, banking) An account at a bank which is used for daily transactions.
bank discountnounA sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
allowance accountnouna reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets

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