Definicja returned debit memo

Example for condominium owners' association:

If the tenant and landlord agree on using an automatic debiting procedure for rent payments, then the tenant has to supply the necessary automatic debit authorization to the landlord's bank.

After the amount is posted on the landlord's account, you find out that the tenant did not want to take part in automatic debiting after all. The amount then has to be debited from the landlord's account, and a returned debit memo is sent to the landlord.