Definitions (2)

1.Banking: Amount available in an account for withdrawal or use. Computed by summing up all cleared or credited deposits, and deducting all withdrawals, debits, and service charges.
2.Bookkeeping: Difference between the debit and credit sides of an account.

Use balance in a sentence

  • He was upset when he found out that his balance at the bank was lower than it should have been by several thousand dollars.

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  • A wise practice of maintaining an adequate savings account balance at all times helps you be prepared for unexpected emergency expenses.

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  • Many banking customers use their bank's online banking service to help them balance their checking accounts and ensure they do not spend more than what they have in their account.

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