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 ?
While this might not cause a problem for the opening balance, it definitely makes the closing balance too high.
Urea offtake during current Rabi 2014-15 is expected to be 31,00,000 tonnes, against 3,253,000 tonnes of total availability, leaving a closing balance of 151,000 tonnes for next season.
The proposed closing balance sheet can be accessed on the Department's website at: http://bit.
The price at closing on a debt-free basis is estimated at between USD65m and USD70m based on the expected closing balance sheet.
The price at closing on debt-free basis is expected to amount to USD65-70m based on the expected closing balance sheet.
Another cause for the delay, Hodgdon said, was the auditors were not at a "comfort level" with the closing balance of the Highway Fund, which pays for highway and bridge construction work.
Starting with pounds 35,000 to invest, their closing balance of pounds 322,900 guaranteed them a place in the final, where they will compete against the 17 other regional teams, with a chance to win a top prize of pounds 1,000.
Under the terms of the agreement, the Cincinnati Lamb Group will be purchased for approximately $60 million, subject to closing balance sheet adjustments.
The quotient is then multiplied by the difference between the closing balance (as of the date of distribution or recharacterization) and the opening balance.
In many cases, the definitive agreement includes a purchase price adjustment provision equal to the difference between an interim and closing balance sheet.
19 being the closing balance of the recently folded Digby Amateur Football Club.