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In this lecture, the term "debit memorandum" is defined according to fundamental accounting principles. A debit memorandum is a notification from the issuer that the recipient's account has been debited in the issuer's records. The term "debit" refers specifically to the amount on the left-hand side of a ledger, with no additional meanings. It's crucial to recognize that this debit reflects the issuer's perspective, highlighting that the entry may not align with the recipient's records. Understanding this distinction helps clarify the concept of a debit in accounting.