Balance

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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 periodicals archive ?
A high-speed machining demonstration will feature Thermolock[R] holders, balanceable boring heads and reaming technology.
Kaiser TWN twin cutters were used for rough boring and balanceable finish boring head 10.
5 at 10,000 rpm and are balanceable to higher specifications when required.