Available Balance

(redirected from Available Funds)

Available Balance

The balance in a bank account to which the account holder has access. The available balance usually is calculated by taking the account balance and subtracting credits and debits that have not yet cleared.
References in periodicals archive ?
Transfer $300 from available funds to the Board of Health expense account.
Revenue bonds are a general obligation of DePaul, payable from all legally available funds.
The number of grants awarded in any year are determined by the number of qualified applicants and the available funds.
In fiscal 2007, DePaul's available funds as a percentage of total debt increased to 189% from 169% in fiscal 2006, and 119% in fiscal 2005.
Transactions utilizing auction-rate securities to finance student loan assets are generally structured with an Available Funds Cap based on a maximum rate definition and the student loan rate less fees, also known as the net loan rate.
If available funds are insufficient to repay face-value of the maturing notes, the SLNs will be converted into a class of extended notes having maturities of 30 business days following the expected maturity.
For instance, a 72 year old couple with a home valued at $325,000 would be eligible for an additional $14,000 in available funds using the reduced margin HECM with a 1.
The rating is based on ultimate access to legally available funds in the commonwealth's transportation trust fund and other general assembly appropriations.
Available funds, defined as unrestricted cash and investments, for fiscal 2006 were $276.
These features include: the bonds' level debt service structure and short, 20-year life; the additional liquidity provided by minimum fund balance levels (equal to maximum annual debt service [MADS]); and a pledge to refill reserve draws from legally available funds of the 22nd District Agricultural Association (the district), a state entity which owns and operates the 410-acre Del Mar Fairgrounds facility.
However, these concerns are offset by the institution's impressive financial flexibility and liquidity levels as measured by available funds which totaled $1.
ACP's available funds, consisting of unrestricted and temporarily restricted cash and investments, totaled $12 million at the end of fiscal 2006.