Debit Memorandum

Debit Memorandum
1. A document given to an account holder which states that the account balance has been decreased as a result of factors other than a cash withdrawal or a written check being cashed in. Debit memorandums can arise as a result of bank service charges or bounced check fees. A debit memorandum is typically sent out to bank customers along with their monthly bank statements.

Also known as a "debit memo", for short.

2. The adjustment procedure that occurs following a business's valid complaint against another business. For example, if Company A sends defective merchandise to Company B, a debit memorandum would be issued in order to adjust the accounting statements in terms of debits and credits.

It is usually preferable to avoid debit memorandums from either the individual or business perspective. Individuals typically incur undesirable fees for additional bank service charges or for having a check bounce. On the other hand, there are numerous implicit costs for a business debit memorandum such as possible loss of reputation and human labor to make the necessary adjustments.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • debit note — noun : a memorandum of goods returned and debited to a consignor by a consignee * * * debit note noun A document advising an account holder that his or her account has been debited with the amount shown • • • Main Entry: ↑debit …   Useful english dictionary

  • debit ticket — noun 1. : an order drawn by an employee of a bank at a depositor s request to pay out money against the depositor s account 2. or debit memo : a memorandum of a charge (as for service) made by a bank against a depositor s account 3. : a slip… …   Useful english dictionary

  • credit memorandum — noun : a document issued by a seller as confirmation to a customer that a credit adjustment has been made to his account (as for merchandise returned or for errors) * * * a memorandum issued to an account allowing a credit or reducing a debit,… …   Useful english dictionary

  • credit memorandum — a memorandum issued to an account allowing a credit or reducing a debit, esp. one posted to a customer s account. Also called credit memo, credit slip. * * * …   Universalium

  • дебетовый меморандум — 1) документ, используемый продавцом для извещения покупателя о том, что соответствующий данному покупателю счет к получению был дебетован; 2) документ, предоставляемый банком вкладчику, который информирует о том, что банковский счет вкладчика… …   Большой юридический словарь

  • receipt — давать расписку return receipt расписка в получении возвращённого предмета debit memorandum receipt расходная расписка в получении shipping receipt расписка в принятии груза к перевозке forwarding agent s receipt экспедиторская расписка cash… …   English-Russian travelling dictionary

  • Дебетовый меморандум — (англ. debit memorandum) 1) документ, используемый продавцом для извещения покупателя о том, что соответствующий данному покупателю счет к получению был дебетован (увеличен); 2) документ, предоставляемый банком вкладч …   Энциклопедия права

  • Net capital rule — The uniform net capital rule is a rule created by the U.S. Securities and Exchange Commission ( SEC ) in 1975 to regulate directly the ability of broker dealers to meet their financial obligations to customers and other creditors.[1] Broker… …   Wikipedia

  • Liaison 16 — La Liaison 16 (L16) est un standard de liaison de données tactiques de l OTAN pour l échange d informations tactiques entre des unités militaires. Le contenu de sa messagerie et le protocole d émission sont définis par le STANAG[acro 1] 5516 pour …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”