balance

Definition 1

The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called account balance.

Definition 2

The outstanding debt on a loan.

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Related terms:

compensating balance, credit balance, debit balance, declining balance method, double-declining balance depreciation method, principal balance, original principal balance, overdraft protection, trial balance, alienation clause  and  

'balance' appears in these other terms:

adjusted balance method, balance of payments, balanced investment strategy, on balance, trade balance, balanced budget, balance transfer, balanced fund, favorable balance of trade, remaining principal balance and  

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