In general, brokerage accounts are only allowed to lend shares from accounts for which customers have " debit balances ", meaning they have borrowed from the account.
12.
In December 1956 Jedda Ltd reported a profit of ?0, 454 for the year to 30 June, reducing the debit balance in the production account to ?9, 697.
13.
After a series of transactions, therefore, the sum of all the accounts with a debit balance will equal the sum of all the accounts with a credit balance.
14.
For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.
15.
Second, to adopt the Alternative Method a broker-dealer must compute the " aggregate debit balances " owed by customers under the " customer reserve formula " specified by SEC Rule 15c3-3.
16.
"Unless the ( Prudential ) customer inquired, the customer was charged a maximum of 2.5 percentage points ( over Prudential's borrowing rate ) regardless of their debit balance " in their account.
17.
Broadly, accounts opened with the purpose of holding credit balances are referred to as deposit accounts; whilst accounts opened with the purpose of holding debit balances are referred to as loan accounts.
18.
"Unless the ( Prudential ) customer inquired, the customer was charged a maximum of 2 . 5 percentage points ( over Prudential's borrowing rate ) regardless of their debit balance " in their account.
19.
The mortgage advance was paid to solicitors who used part of it to redeem the Halifax mortgage and another part in the reduction of the debit balance on the development loan account with the Midland.
20.
Sometimes in IFRS, but not in GAAP, the term Equity on the Balance Sheet, while to non-professionals it has the connotation of a pool of cash set aside to meet a future liability ( a debit balance ).
