- A record of something which it is desired to remember;
a note to help the memory. - A brief or informal note in writing of some
transaction, or an outline of an intended instrument; an instrument
drawn up in a brief and compendious form.
Credit memorandum Sometimes a depositor asks the bank to collect its notes receivable. In such a case, the bank will credit the depositor’s account for the cash proceeds of the note.
Debit memorandum Some banks charge a monthly fee for their services. Often they charge this fee only when the average monthly balance in a checking account falls below a specified amount.
Definition
[ n.]