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In this lecture, the term "debit memorandum" is defined according to the 22nd edition of fundamental accounting principles. A debit memorandum is a notification from the issuer (sender) indicating that they have debited the recipient's account in their own records. The term "debit" refers to the amount on the left-hand side of a ledger, and this definition remains consistent in the context of the debit memorandum. It's crucial to note that the debit is recorded in the sender’s records, not the recipient's. This distinction explains why debits can appear to reflect the opposite actions in the recipient’s records, emphasizing that a debit simply denotes the left side's amount.