Account Balance
/ˈæk.aʊnt ˈbæl.əns/
Definitions
- (n.) The net amount of funds held in a financial account at a given time, reflecting credits minus debits.
The account balance showed a remaining sum of $5,000 after recent transactions.
- (n.) In legal and financial contexts, the amount owed or available as determined by a ledger or statement.
The court ordered the defendant to pay the outstanding account balance to the creditor.
Forms
- account balances
Related terms
See also
Commentary
Typically used in contracts and financial documents to specify amounts due or available; precise definition may vary by jurisdiction or financial institution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.