Exchange Currency

debit memorandum

(1) A notification to an account holder from a financial institution about a charge against an account, like a service fee for insufficient funds. (2) During a sales transaction, the vendor may notify the other party about extra charges on the original purchase agreement.

Related information about debit memorandum:
  1. Debit Memorandum Definition | Investopedia
    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 ...
     
  2. Debit Memorandum: Definition from Answers.com
    1. form or document used by a seller to notify a buyer that the seller is debiting ( increasing) the amount of the buyer's accounts payable due to errors.
     
  3. DEBIT MEMORANDUM DEFINITION
    DEBIT MEMORANDUM can be either a) a form or document given by the bank to a depositor to notify that the depositors balance is being decreased due to ...
     
  4. Accounting Principles I: Returns and Allowances
    When a purchaser receives defective, damaged, or otherwise undesirable merchandise, the purchaser prepares a debit memorandum that identifies the items in ...
     
  5. debit memorandum Definition | Business Dictionaries from ...
    Business Definition for: debit memorandum. Dictionary of Accounting Terms. debit memorandum. form or document used by a seller to notify a buyer that the ...
     
  6. Define Debit Memorandum | eHow.com
    Define Debit Memorandum. A debit memorandum, or debit memo for short, is used in complaints processing in business, in situations such as sending ...
     
  7. What is debit memorandum? definition and meaning
    Definition of debit memorandum: (1) A notification to an account holder from a financial institution about a charge against an account, like a service fee for ...
     
  8. What Is a Debit Memorandum?
    A debit memorandum is an accounting tool that is utilized for several purposes. It serves as a vehicle for financial institutions, such as banks, to inform their ...