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 ?
A majority nine out of ten of Gulf News' poll respondents do not own smart balance wheels. Of these respondents, four considered them to be dangerous.
The pendulum in the latter watch uses a structure similar to a balance wheel that utilizes magnets instead of the traditional spring, allowing for a much faster 12 Hz speed and no problems with friction and wear.
Sonata This masterpiece is very neatly presented, with an 8-day mechanical mantel clock of contemporary design in a piano-finish black gloss and a Swiss escapement having 11 jewels and screw balance wheel. It has a silver-plated dial with sunray-brush or a black dial with nickel-plated hands and subsidiary second indication
The openwork caseback design gives wearers a secret window to view the central screw, automatic rotor, oscillating balance wheel, as well as the rest of the 51 stylishly printed parts driving the self-winding, battery-free timepiece," the company stated.
This tourbillon is the only one in existence whose balance wheel rotates inside a cage that is parallel instead of perpendicular to the base of the movement.
To achieve such a high frequency, Guy Semon, vice president of sciences and engineering at the brand, had to replace the garden-variety balance wheel and spring--a model that's been the standard in portable mechanical watches since the late 1600s--with a system that required 10 different patents.
The ban comes a week after a six-year-old Emirati child died when he was run over by a car while on a balance wheel. Although the incident happened on the road and not in a mall, authorities clarified that balance wheels can only be used in designated areas in parks.
The death of a six-year-old boy while using a smart balance wheel in Abu Dhabi highlights the need for greater parental attention towards these modern devices of convenience.
The victim, a six-year-old Emirati identified as S.A., was run over by a car today (Monday) in Abu Dhabi while travelling around on a smart balance wheel, Gulf News has learnt.
The smart balance wheel resembles a skateboard or a mini Segway without the handle and is becoming increasingly popular among the younger population in Dubai.
The innovative movement, visible through the open dial, combines Roger Dubuis' signature Astral Skeleton movement configuration with the layout of a Lamborghini engine, using engine strut bars and inclined balance wheels to get its point across.
These balance wheels are battery-powered boards which resemble a skateboard or a mini Segway without a handle.