Balance Definition

A balance can refer to the money in a bank account or due on an account. And balance can also describe the act of balancing an account. 

Balance Extended Definition

When used as a noun, balance may refer to the amount of money in an account, like a bank or credit card account. It can also describe the remainder due on an account, such as the balance due on a bill. 

When using balance as a verb, the word can describe the act of comparing debits to credits to make sure they are equal, like balancing a checking account against an account statement. 

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Last Updated By

Andrew Freiman | Feb 28, 2023

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