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In this lecture, the term "debit memorandum" is defined according to fundamental accounting principles from the 22nd edition. A debit memorandum is a notification from the issuer that they have debited the recipient's account in their own records. It’s important to understand that "debit" refers to the amount recorded on the left side of a ledger. When considering the term in context, the debit memorandum reflects the issuer's action, indicating a debit in the sender's records, which may not align with the recipient's records. Therefore, while "debit" remains synonymous with the left-hand side amount, its implications can differ between sender and recipient records.