debit balance
noun[C]
ukusBANKING,FINANCE
anamountofmoneyin abankaccount, etc. which is less than zero because moremoneywas taken out of it than thetotalamountthat waspaidinto it:
Customers shouldconsidertransferringthedebitbalanceto acreditcardwith aspecialratefordebttransfers.
Compare
credit balance
ACCOUNTING
theamount,shownin therecordof a company’sfinances, by whichitstotaldebitsaregreaterthanitstotalcredits:
Debitbalancesmayariseduetotimingdifferences, in whichcaseincomewill beaccruedat theyearend tooffsetthedebit.