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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Stacey Pogue, a health policy analyst at the Center for Public Policy Priorities, said the rules Kitzman pulled back "do not prevent balance billing or unexpected balance bills."
In addition, beneficiaries are responsible for paying the difference (balance billing) between the physician's submitted charge and the Medicare-allowed charge on unassigned claims.
See also: Balance billing: 3 top ways states are responding PPACA: NAIC Panel Eyes Network Adequacy
The average balance billing liability for female beneficiaries was $142 per person with liability, or 26 percent lower than that for male beneficiaries ($179).
Significant changes in the Canadian physician payment system have occurred since 1984.(6) The Canadian Health Act, passed in that year, effectively outlawed the practice of balance billing. In addition, the predictabilty of physician payment has decreased markedly since the institution of expenditure caps in 1985.
The third basic characteristic provides that Medicare beneficiary financial protection from balance billing charges in excess of the MFS will be improved by limiting the total amounts that physicians can charge Medicare beneficiaries.
Godfread said the committee will address the "critical issue of air ambulance balance billing practices." He added he hopes the "committee can craft meaningful recommendations that will allow Congress to take action and greatly reduce or eliminate the practice of surprise, balance billing for air ambulance transports."
Balance billing as a percent of total potential liabilities steadily increased from 1975 to 1984, but subsequently has declined primarily because of the Medicare Physician Participation Program.
The CMS balance billing proposal "would actually encourage providers not to contract with carriers," officials say.
The health agency said it has drafted an administrative order to ensure that poor patients belonging to the lowest quintile can avail of cataract surgery in government hospitals for free using PhilHealth packages under the "No Balance Billing" policy.
To limit beneficiary financial liability, it recommends limits on balance billing. To control the growth in expenditures, the Commission proposes the use of expenditure targets, increased research on the effectiveness of medical services, and development of practice guidelines." [5]