Definition, Meaning & Synonyms
net-balance
noun
/nɛt ˈbæləns/
Definition
The net balance refers to the final amount remaining after all deductions or additions have been accounted for in a financial context.
Examples
- The company’s net balance after expenses showed a healthy profit.
- Her bank statement reflected a net balance of $500 after all transactions were processed.
- To assess your financial health, always check your net balance regularly.
Meaning
It signifies the overall financial position or total after all transactions have been considered, whether in an account or business performance.
Synonyms
- net amount
- final balance
- overall balance
