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 ?
"Having been caught off balance on that, there was this general view that, 'Well, it will never last'."
I was caught off balance both times by a combativeness that is not at all characteristic of Welch.
Calzaghe was even temporarily caught off balance by a short left while Bika threw no end of upper-cuts at point-blank range in an attempt to keep the champion out of his stride.
His pace took him around Given as the keeper came charging out but he was caught off balance as he attempted to guide the ball into the empty net and his effort from 18 yards skipped wide.
"I thought I learnt my lesson against Byron Mitchell but I got caught again ( my hands were down, my chin was in the air and I was caught off balance.
After seizing the initiative early on from behind his jab, Jones was caught off balance by a flash knockdown in the third but this proved to be just the wake- up call he needed to register one of his most impressive finishes to date.