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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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