Debit Ticket
Categories: Banking, Accounting, Trading
The New York Jets haven't made it to the Super Bowl since winning Super Bowl III behind the bold guarantee, dimples, and rocket arm of Joe Namath in 1969. It has been a slog for Jets fans ever since.
A debit ticket is an accounting version of a placeholder (analog to place-kicker-holder dude), usually for when a bank received a deposited check. The bank will issue a credit to the client for the check and a debit ticket for the check amount credited, to be balanced out once the issuing bank for the check has remitted payment back to the bank.
Think: debt ticket as a "promise to pay."
Fortunately, the banks pay out faster than the time between Jets Super Bowl appearances. Usually.