What Does Having a Balance Mean?

Many other financial accounts also have an account balance. ... In banking, the account balance is the amount of money you have available in your checking or savings account. Your account balance is the net amount available to you after all deposits and credits have been balanced with any charges or debits.

What does mean on a balance?

Taking everything into consideration, as in On balance I think we've had a very good year. This expression, which in effect means “balancing all the factors involved,” was first recorded in 1719.

What does having a balance on a credit card mean?

A credit balance on your billing statement is an amount that the card issuer owes you. Credits are added to your account each time you make a payment. A credit might be added when you return something you bought with your credit card.