balance

/'bæləns/ noun
1. the amount which has to be put in one of the columns of an account to make the total debits and credits equal
balance in hand cash held to pay small debts
balance brought down or forward the closing balance of the previous period used as the opening balance of the current period
balance carried down or forward the closing balance of the current period
2. the rest of an amount owed
You can pay £100 deposit and the balance within 60 days.
balance due to us the amount owed to us which is due to be paid
verb
1. to be equal (i.e. the assets owned must always equal the total liabilities plus capital)
the February accounts do not balance the two sides are not equal
to balance off the accounts to make the two sides of an account balance at the end of an accounting period, by entering a debit balance in the credit side or a credit balance in the debit side, and carrying the balance forward into the next period
2. to calculate the amount needed to make the two sides of an account equal
I have finished balancing the accounts for March.
3. to plan a budget so that expenditure and income are equal
The president is planning for a balanced budget.

Dictionary of banking and finance. 2015.

Synonyms:

Look at other dictionaries:

  • Balance — (de) …   Kölsch Dialekt Lexikon

  • Balance — Bal ance (b[a^]l ans), n. [OE. balaunce, F. balance, fr. L. bilanx, bilancis, having two scales; bis twice (akin to E. two) + lanx plate, scale.] 1. An apparatus for weighing. [1913 Webster] Note: In its simplest form, a balance consists of a… …   The Collaborative International Dictionary of English

  • balance — BALANCE. s. f. Instrument dont on se sert pour peser, composé de deux bassins de même poids, suspendus à un fléau. Balance juste. Fausse balance. Les bassins, les plats d une balance. La languette d une balance. Le fléau d une balance. Tenir la… …   Dictionnaire de l'Académie Française 1798

  • balance — BALANCE. subst. f. Instrument à deux bassins servant à peser. Balance juste. fausse balance. les bassins de la balance. la languette de la balance. le fleau de la balance. tenir la balance juste. faire pencher la balance. On dit que, Le poids… …   Dictionnaire de l'Académie française

  • Balance — Bal ance (b[a^]l ans), v. t. [imp. & p. p. {Balanced} (b[a^]l anst); p. pr. & vb. n. {Balancing} (b[a^]l an*s[i^]ng).] [From {Balance}, n.: cf. F. balancer.] 1. To bring to an equipoise, as the scales of a balance by adjusting the weights; to… …   The Collaborative International Dictionary of English

  • balance — 1. The noun is about four centuries older than the verb, and has derived several figurative uses from its primary meaning of ‘an apparatus for weighing’, as for example in accounting (where the notion of balancing the books is ever present) and… …   Modern English usage

  • balance — ► NOUN 1) an even distribution of weight ensuring stability. 2) mental or emotional stability. 3) a condition in which different elements are equal or in the correct proportions. 4) an apparatus for weighing, especially one with a beam and… …   English terms dictionary

  • Balance — bezeichnet: Gleichgewicht (Physik), ein Gleichgewicht von entgegenwirkenden Kräften oder Aspekten oder einen Zustand der Ausgewogenheit Ausgeglichenheit Eigenschaften einer Datenstruktur; siehe Balancierter Baum Balance (Magazin), ein von der… …   Deutsch Wikipedia

  • Balance — Saltar a navegación, búsqueda Balance puede referirse a: Balance (contabilidad), informe financiero que refleja la situación del patrimonio de una entidad en un momento determinado. Balance hídrico, el equilibrio entre todos los recursos hídricos …   Wikipedia Español

  • balance — n 1 Balance, equilibrium, equipoise, poise, tension are comparable when denoting the stability or efficiency resulting from the equalization or exact adjustment of opposing forces. Balance suggests a steadiness that results when all parts are… …   New Dictionary of Synonyms

  • balance — or Balance [bal′əns] n. [ME & OFr, prob. via ML < VL * bilancia < LL bilanx, having two scales < L bis, twice + lanx, a dish, scale < IE * elek , extended stem of base * el , to bend > ELBOW] 1. an instrument for weighing, esp. one …   English World dictionary

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