debit balance
noun [ C ]
ukus BANKING, 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.
Compare
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.