English Lexicon

Debit balance

/ˈdɛb.ɪt ˈbæl.əns/
nounCEFR B2 (Upper)Top #14500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An amount by which total debits exceed total credits in an account, or an amount owed on an account.

    "The monthly financial statement revealed a debit balance in the operating expense account."
  2. 2

    In banking, an excess of withdrawals or payments over deposits, resulting in a negative account balance or overdraft.

    "Her checking account showed a debit balance after the utility bill was automatically processed."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'debit', derived from the Latin 'debitum' meaning 'what is owed' (from debere, to owe), with 'balance', originating from the Late Latin 'bilancia' (two-pan scale, from bi- + lanx dish or scale). It established itself in early modern double-entry bookkeeping practices in Renaissance Italy and spread globally through British mercantile trade terminology.

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