Balance


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Related to Balance: Balance of Payment

Account Balance

The amount available in an account. Simply put, the account balance is the net of all credits less all debits. A positive account balance indicates the account holder has funds available to him/her, while a negative balance indicates the holder owes money. Account balances are important in banking because they determine whether or not an account holder has money for living expenses and in margin accounts because they show whether the holder can conduct more margin transactions.

Balance

The amount of the original loan remaining to be paid.

It is equal to the loan amount less the sum of all prior payments of principal.

References in classic literature ?
They had already killed two near the head of the line, and were like to have finished the balance of us when their leader finally put a stop to the brutal slaughter.
A careful examination of the balance of the tent revealed nothing more, at least nothing to indicate the presence of the jewels; but at the side where the blankets and clothing lay, the ape-man discovered that the tent wall had been loosened at the bottom, and presently he sensed that the Belgian had recently passed out of the tent by this avenue.
In a circle about them the balance of the tribe of apes stood watching and enjoying the struggle.
And with this"--I weighed my rifle at the balance in the palm of my right hand--"I could slay one of those distant warriors.
All the balance of the day Wilson sat glaring at Clayton, in his eyes the gleam of insanity.
The added burden of the cache and the winter snow had been too much for it; the balance it had so long maintained with the forces of its environment had been overthrown; it had toppled and crashed to the ground, wrecking the cache and, in turn, overthrowing the balance with environment that the four men and eleven dogs had been maintaining.
He half-sprawled on the slippery deck, regained his balance, and stood still and looked at the white-god who had treated him so cavalierly.
And who was to say that such a remembrance might not sway the balance of their judgment just a trifle in his favor?
He was catching the little mite by the hind-legs and tossing it up in the air, where, making a half-flip and descending head first, it was supposed to alight with its fore-feet on his hand and there balance itself, its hind feet and body above it in the air.
THE People being dissatisfied with a Democratic Legislature, which stole no more than they had, elected a Republican one, which not only stole all they had but exacted a promissory note for the balance due, secured by a mortgage upon their hope of death.
Once in every decade there shall be a general settlement, when the balance due shall be paid to the creditor nation in Mexican dollars.
Because of this balance arises our need for a foreign market.