Closing Balance


Also found in: Acronyms.

Closing Balance

The balance of a bank account at the end of a period, such as a month or year. If the closing balance is listed on a bank statement, it indicates the closing balance on the date the statement was printed.
References in periodicals archive ?
Here are the steps to mark the closing balance as a Total:
In support of the proposed closing balance sheet, pro forma as of June 30, 2014, the company and Armour recently amended the stock purchase agreement, primarily to increase the cap on the seller financing by $6.
Misstatements in the opening balance sheet have, dollar for dollar, just as much effect on the measurement of current-period income as misstatements in the closing balance sheet.
Following completion and on finalisation of the closing balance sheet, a further sum, estimated at Au0.
Although the Punjab police claimed to have arrested over 90,000 proclaimed offenders, according to the closing balance, over 70,000 POs are still at large.
9 million, subject to adjustment based upon Shemin Acquisition's closing balance sheet.
To maximize interest earnings and still keep adequate funds to cover its payments, Treasury aims to maintain a closing balance of $5 billion in its Federal Reserve checking accounts each day; if Treasury estimates that the balance will be significantly in excess of that amount, the Reserve Banks will determine an amount to be placed, in a process called direct investment, in the TT&L accounts of note-option banks with sufficient collateral.
Notwithstanding the foregoing, Parent and Seller shall not be required to indemnify Purchaser, Company, or the Subsidiaries for Taxes (x) to the extent of the reserves set forth on the Closing Balance Sheet, (y) payable as a result of an election made (or deemed made) under section 338 of the Code, or (z) payable as a result of any events occurring on the Closing Date, but after the Closing, which are outside of the ordinary course of business.
3 million, subject to a post-closing adjustment based on a closing balance sheet to be prepared within 60 days of the closing date.
Deposits rose N208billion, which is an approximately a 6 per cent growth over the closing balance of N197bn in 2009.
This is an increase of 11% from the December 31, 2003 closing balance of $408 million.
The projected general fund closing balance of $25 million, together with note proceeds, provides 1.