What's a Debited Amount?

What's a Debited Amount?

When your bank account is debited, money is taken out of the account. The opposite of a debit is a credit, in which case money is added to your account. Your account is debited in many instances.

What is the temporarily debited amount?

A temporary debit authorization hold affects your account balance - On debit card purchases, merchants may request a temporary hold on your account for a specified sum of money, which may be more than the actual amount of your purchase.

Is a debit a amount?

The debit amount recorded by the brokerage in an investor's account represents the cash cost of the transaction to the investor. The debit balance, in a margin account, is the amount of money owed by the customer to the broker (or another lender) for funds advanced to purchase securities.

Alexander Ross
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Alexander Ross

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.