credit balance


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Related to credit balance: Debit balance

Credit balance

The surplus in a cash account with a broker after purchases have been paid for, plus the extra cash from the sale of securities.

Credit Balance

The profit from a short sale that is deposited into a margin account. The credit balance consists of any maintenance margin the account holder must keep in the account as well as additional funds that may be withdrawn or used to buy more securities. This latter is called the free credit balance.

credit balance

Cash and the market value of securities held in a brokerage account. Compare debit balance. See also free credit balance.
References in periodicals archive ?
The arrests came as a result of a special report published by Khaleej Times on January 10 talking about the phenomenon of a large number of men, most of them Asian labourers, selling prepaid phone credit balance -- Aa 'raseed' -- to people hailing from lower-income strata, who cannot afford to buy the minimum credit of Dh25 sold by cellphone service providers.
ABBEY NATIONAL is aiming to break the stranglehold of the Big Four clearing banks on the UK current account market by paying 3pc interest on credit balances (and charging 8.7pc on authorised overdrafts) on its Abbey National Bank Account.
A PS3,000 average credit balance with Santander would earn PS72 interest annually - PS48 after the current PS24 fee - but just PS12 after the PS60 fee in January.
Andrew Westall (54), of Jacobean Lane, Knowle, Solihull, faces six charges of theft of a credit balance between February 1993 and last May.

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