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 ?
They had an idea to create a weighing machine - now called bagweighahead - to be sited inside airport terminals which would allow travellers to check if their baggage met weight allowances.
Mr Hipkins, who attended King Edward's School in New Street, is not the company's only link with the Titanic - it also supplied a weighing machine located in the ship's Turkish bath and much of the weighing equipment used at Southampton docks.
Police shut The Weighing Machine, in Edge Hill, after the violence on Friday night.
PFM has recently launched a number of packaging solutions; Comet Super Long Dwell combined with the MBP 14-Head XM Step IP 65 high speed multi-head weighing machine.
Mr Seaton, 28, was shot five times in Martensen Street, Wavertree, after he left the Weighing Machine pub.
Also on this day: 1642: New Zealand discovered by Dutch navigator Abel Janszoon Tasman; 1779: First Smithfield Show organised by the Smithfield Cattle and Sheep Society in London; 1784: Death of lexicographer Dr Samuel Johnson; 1884: Coin-operated weighing machine was patented by Percy Everitt; 1903: Ice cream cones patented by Italo Marcione of New York; 1904: The Metropolitan Underground railway in London went electric; 1937: Sellotape first marketed in Britain; 1939: Three British cruisers forced the German battleship Admiral Graf Spee to seek shelter off Montevideo in Uruguay in the Battle of the River Plate; 1961: Death of American primitive painter Grandma Moses.
It was built to accommodate a tramway which linked Sutton Colliery with a weighing machine and coal stockpile on the Liverpool to Warrington turnpike road.
December 15: Carl Seaton was shot dead as he left the Weighing Machine pub in Edge Hill.
Professor Jeffrey Sobal, who quizzed 1,000 couples, said: "It was a different story with slim women in constant battle with the weighing machine.
Councillors approved a police bid for CCTV in toilets of The Weighing Machine pub, in Wavertree, yesterday.
A THIRTY-YEAR-OLD man has been arrested in connection with murder of Carl Seaton, who was gunned down after leaving The Weighing Machine pub, Wavertree, Liverpool.