Debit Ticket

A debit ticket is a record or receipt of a transaction that reflects a withdrawal of funds from an account, typically related to a purchase, transfer, or payment. In trading, a debit ticket records the amount paid by an investor to buy a security. Debit tickets are used for tracking and documenting withdrawals and expenses in various financial transactions.

Example

An investor buys shares of a company, and a debit ticket is generated to record the cost of the transaction and the withdrawal from their brokerage account.

Key points

• A debit ticket is a record of a withdrawal or payment transaction from an account.

• In trading, it records the cost of buying securities and debits the investor’s account.

• It serves as a receipt for tracking expenses and withdrawals.

Quick Answers to Curious Questions

What is a debit ticket used for?

A debit ticket is used to record and track withdrawals, payments, or purchases from an account, providing documentation for financial transactions.

How does a debit ticket relate to stock trading?

In stock trading, a debit ticket records the cost of buying securities and reflects the withdrawal from the investor’s account to complete the purchase.