Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “account balance”

account balance

noun [C]
 
 
BANKING the amount of money someone has in a bank account: If the account balance falls below £3,000 the interest rate drops to 1% a year.
ACCOUNTING the amount shown in accounts that is the amount necessary to make the debits (= money spent) and credits (= money received) equal to each other: The only difficult figure in the balance sheet, apart from the profit and loss account balance, is the minority interest.
(Definition of account balance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of account balance?
Add Cambridge dictionaries to your browser to your website

Word of the Day

roost

When birds roost, they go somewhere to rest or sleep.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More