debit party

The party that gives cash or securities. In the payment chain, it may be an agent or the debtor. Furthermore, for each pair of consecutive parties in the payment chain, one party always plays the role of the debit party and the other the role of the credit party.

Euroclear glossary. 2008.

Look at other dictionaries:

  • debit party — The party that gives cash or securities. In the payment chain, it may be an agent or the debtor. Furthermore, for each pair of consecutive parties in the payment chain, one party always plays the role of the debit party and the other the role of… …   Financial and business terms

  • Debit party —   An ISO term. The source of funds on the receiving financial institution s books …   International financial encyclopaedia

  • Debit transfer —   An ISO term. An instruction where the sender with authorisation specifies a debit party other than himself …   International financial encyclopaedia

  • debit — I noun amount due, amount payable, arrears, bills, commitment, debt, deferred payment, expensum, indebtedness, liability, obligation, pecuniary due, sum owing, that which is owed associated concepts: debit agent, debit and credit system, debit… …   Law dictionary

  • Party (chanson) — Party Single par Beyoncé Knowles avec André 3000 extrait de l’album 4 Sortie 30 août 2011 (radio)[1] 24 octobre 2011 …   Wikipédia en Français

  • debit — /debat/ A sum charged as due or owing. An entry made on the asset side of a ledger or account. The term is used in book keeping to denote the left side of the ledger, or the charging of a person or an account with all that is supplied to or paid… …   Black's law dictionary

  • credit party — The party that receives cash or securities. In the payment chain, it may be an agent or the creditor. Furthermore, for each pair of consecutive parties in the payment chain, one party always plays the role of the debit party and the other the… …   Financial and business terms

  • credit party — The party that receives cash or securities. In the payment chain, it may be an agent or the creditor. Furthermore, for each pair of consecutive parties in the payment chain, one party always plays the role of the debit party and the other the… …   Euroclear glossary

  • Direct debit — A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary. It is also called… …   Wikipedia

  • Progressive Conservative Party of Canada candidates, 1997 Canadian federal election — The Progressive Conservative Party of Canada ran a full slate of candidates in the 1997 federal election, and won 20 seats out of 301 to emerge as the fifth largest party in the Canadian House of Commons. Many of the party s candidates have their …   Wikipedia

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