Definition and Citations:
Allowing a credit balance on a cash account, such as when $100 is taken from an account that has only $75, leaving a liability on the balance sheet the difference of $25.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Allowing a credit balance on a cash account, such as when $100 is taken from an account that has only $75, leaving a liability on the balance sheet the difference of $25.