Meaning of “credit balance” in the English Dictionary

"credit balance" in Business English

See all translations

credit balancenoun [ C ]

uk us

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.

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)