Debit

Business / Real Estate / Debit: A charge on an accounting statement or balance sheet (appearing on the left-hand column), the opposite of a credit. Used in bookkeeping and in preparing the closing statement in a real estate transaction.

Customers Net Debit Balance

Business / Finance / Customers Net Debit Balance: Agreement signed by a margin customer that allows a broker to borrow margined securities up to the level of the customer's debit balance to help cover other customers' short positions. MORE

Debit Balance

Business / Finance / Debit Balance: A type of stock that makes fixed payments at scheduled intervals of time. Debenture stock differs from a debenture in that it has the status of equity, not debt, in liquidation. MORE

Debit Card

Business / Accounting / Debit Card: Bank cards that allow the payment of goods and services to be subtracted directly from a bank account. MORE

Preauthorized Electronic Debits (PAD)

Business / Finance / Preauthorized Electronic Debits (PAD): Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system. MORE

Adjusted Debit Balance (ADB)

Business / Finance / Adjusted Debit Balance (ADB): The account balance for a margin account that is calculated by combining the balance owed to a broker with any outstanding balance in the special miscellaneous account, and any paper profits on short MORE

Direct Debit

Business / Debt / Direct Debit: An instruction you give to your bank or building society to make regular payments from your account to a specific company. Unlike a standing order you agree that the creditor can vary this amount each MORE

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