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

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More