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English definition of “balance”

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balance

noun
 
 
/ˈbæləns/
[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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