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WordNet-Online
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Definitions from the WebCredit BalanceDefinition:A credit balance refers to the amount of money in a financial account that exceeds the total debt or liability. Usage:As a noun:1. In banking, a credit balance shows that the account holder has funds available. Example sentence: After repaying his loan, the customer's bank account showed a credit balance of $100. 2. In accounting, a credit balance appears on the right side of the general ledger account. Example sentence: The accounts receivable account had a credit balance of $5,000. As a verb:1. To credit balance means to add funds or credit to an account. Example sentence: The company decided to credit balance the customer's account to compensate for the inconvenience caused. Related Products:For further information about credit balances and financial management, consider checking out the following related products on Amazon: | ||||
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