Okuzeka
Finance & Banking vocabulary · Accounts & Deposits

Balance

Meaning in finance & banking, with examples

/ˈbæləns/nounCore term

In finance & banking, balance means: The amount of money in an account at a particular time, or the amount still owed on a loan or credit card.

In Turkish: bakiye, kalan tutar

How it is used

Used with accounts, cards and loans. Customers check their balance in the app; a statement shows the opening and closing balance. 'Outstanding balance' means money still owed.

Example sentences

  1. Your available balance is lower because a card payment is still pending.

  2. Please pay the full balance by the due date to avoid interest.

Common collocations

  • check your balance
  • available balance
  • outstanding balance
  • opening balance
  • minimum balance
  • bank statementA document from the bank that lists all the transactions in an account over a period, with the opening and closing balance.
  • outstandingNot yet paid or settled. An outstanding loan or invoice still has money owed on it.
  • overdraftAn arrangement that lets you spend more money than you have in your current account, up to an agreed limit, usually with interest charged on the negative balance.
  • current accountAn everyday bank account for receiving a salary, paying bills and making card payments. It pays little or no interest, and the money can be used at any time.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Accounts & Deposits

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This page explains English vocabulary for learners. It is not financial advice.