Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “credit balance”

credit balance

noun [C]
 
 
BANKING, FINANCE an amount of money you have in a bank account: There are no charges to pay provided you maintain an average monthly credit balance of over £1,000 in your current account. →  Compare debit balance , debit balance
ACCOUNTING an amount in a company's financial accounts showing that more money has been received than is owed: The accounts this quarter show a credit balance.
BANKING, FINANCE an amount of money you owe on a credit card: Last year two out of three cardholders paid off their credit balance in full every month.
(Definition of credit balance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of credit balance?
Add Cambridge dictionaries to your browser to your website

Word of the Day

beginner's luck

unexpected success experienced by a person who is just starting a particular activity

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More