credit balance Meaning in the Cambridge English Dictionary

Meaning of “credit balance” in the English Dictionary

"credit balance" in Business English

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credit balancenoun [C]

uk   us  
BANKING, FINANCE an ​amount of ​money you have in a ​bankaccount: There are no ​charges to ​payprovided you ​maintain an ​average monthly ​creditbalance of over £1,000 in your ​currentaccount.
ACCOUNTING an ​amount in a company's ​financialaccounts showing that more ​money has been received than is ​owed: The ​accounts this ​quarter show a ​creditbalance.
BANKING, FINANCE an ​amount of ​money you ​owe on a ​creditcard: Last ​year two out of three ​cardholderspaid off their ​creditbalance in ​full every month.
(Definition of credit balance from the Cambridge Business English Dictionary © Cambridge University Press)
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“credit balance” in Business English

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