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English definition of “balance”

balance

noun     /ˈbæləns/
[C, usually singular] BANKING the difference in the amount of money that has come into and gone out of a bank account in a particular period : Virtually all financial records - bank balances, mutual fund , and brokerage records - are held in electronic form . I checked my balance at the ATM . → See also adverse balance of trade, balance of trade, cash balance, closing balance, credit balance, compensating balance, debit balance, idle balance, opening balance, trial balance, unfavourable balance, unsold balance
[C, usually singular] ACCOUNTING the amount shown in a company's financial records that is the difference between the total credits and the total debits in a particular account : This balance is then transferred to the profit and loss account . → See also adverse balance of trade, double declining balance
[C, usually singular] FINANCE the amount of money that you still owe after you have paid a part of the total amount : Cut your outstanding mortgage balance and your monthly repayments will also come down.
[C] FINANCE the amount of money that you owe on a credit card account : He is one of millions of people who does not pay off his credit card balance every month . → See also balance transfer
[S] the remaining part of an amount : We ordered 200 copies ; 50 to be delivered now and the balance next month .
[S or U] the state where things exist in equal amounts or are of equal importance : They are looking for a better balance between internet security and ease of use. You need to find a balance between the demands of work and those of your home life . → See also competitive balance, work-life balance
(Definition of balance noun from the Cambridge Business English Dictionary © Cambridge University Press)
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