Definitions
There is 1 meaning of the phrase
Debit Balance.
Debit Balance - as a noun
An account balance in which debits exceed credits, and the customer owes the bank money.
Synonyms (Exact Relations)
negative balanceExample Sentences
"The company has a debit balance of $10,000 in their checking account."
"The customer's debit balance on their credit card statement needs to be paid off."
"The debit balance in the sales account suggests a decrease in revenue."
"The business has a debit balance of $5,000 in their accounts payable."
"To reduce the debit balance, the company made a payment towards their outstanding loan."
