debit balancenoun [ C ]
ukusBANKING, FINANCE an amount of money in a bank account, etc. which is less than zero because more money was taken out of it than the total amount that was paid into it:
Customers should consider transferring the debit balance to a credit card with a special rate for debt transfers.
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credit balance
ACCOUNTING the amount, shown in the record of a company’s finances, by which its total debits are greater than its total credits:
Debit balances may arise due to timing differences, in which case income will be accrued at the year end to offset the debit.