Balance

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BALANCE, com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts.
     2. In the case of mutual debts, the balance only can be recovered by the assignee of an insolvent, or the executor of a deceased person. But this mutuality must have existed at the time of the assignment by the insolvent, or at the death of the testator.
     3. The term general balance is sometimes used to signify the difference which is due to a party claiming a lien on goods in his hands, for work or labor done, or money expended in relation to those and other goods of the debtor. 3 B. & P. 485; 3 Esp. R. 268.

References in periodicals archive ?
"The record-keeping and communication services are the same for everyone, regardless of account balance. If you and I are getting the same service, does it mean that I have to pay more just because there's more money in my account?"
Another way to look at the issue: Americans would have had to invest 44 percent of their total national saving abroad in 1999 to achieve current account balance, given the foreign capital that flowed into the United States.
Assume a 50-year-old individual with a life expectancy of 33.1 years, an account balance of $2 million, and an assumed interest rate of 8%.
This annuity amount is determined - as of the date the participant's benefits will begin to be paid - as the monthly benefit equal in value to the participant's account balance.
The forms do not summarize activity in the taxpayer's accounts or reflect the account balances.
Simple average of the account balance over a given number of previous years;
The firm is expected to slash its minimum account balance by 70 percent.
The average 401(k) plan account balance of workers who participated consistently in one 401(k) plan increased significantly over the four-year period ending at year-end 2014, according to data published by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI).
For the first seven months of 2016, the current account balance and the capital account balance were positive and amounted to Euro 2.2237 B (or 4.9% of the GDP forecast), compared to a surplus of Euro 1.2052 B (2.7 of GDP) for the same period of 2015.
Finally, he showed a fourth BPI bank certificate showing his dollar account balance was $5,021.70 on March 31, 2014.
But Surz' explanation for this makes intuitive sense; it's the account balance. Losing a chunk of that $2,000 is less damaging than losing the same percentage of an over $1 million account.