Definition, Meaning & Synonyms
credit-balance
noun
/ˈkrɛdɪt ˈbæl.əns/
Definition
The amount of money available in an account after all transactions have been accounted for, usually indicating that credits exceed debits.
Examples
- After reviewing the account statement, I noticed a healthy credit balance.
- The company’s credit balance allows it to invest in new projects.
- She was pleased to see her credit balance grow over the months.
Meaning
A credit balance can refer to a situation where the total credits in an account surpass the total debits, signifying a positive financial position.
Synonyms
- credit
- surplus
- positive balance
