Cost debit account

  A account number and currency, that differs from the transfer account, which belongs to the party to debit for costs.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • debit — / debɪt/ noun an amount entered in accounts which shows an increase in assets or expenses or a decrease in liabilities, revenue or capital. In accounts, debits are entered in the left hand column. Compare credit ■ verb ♦ to debit an account to… …   Marketing dictionary in english

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  • debit card — noun a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder s bank account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit, ↑positive… …   Useful english dictionary

  • Debit Balance — In a margin account, money owed by the customer to the broker for funds advanced to purchase securities. The debit balance is the amount of funds the customer must put into his or her margin account, following the successful execution of a… …   Investment dictionary

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