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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Picture: Emily Barber www.icNewcastle.co.uk/buyaphoto ref: 01042580; THE PROTOTYPE: The couple's weighing machine, called bagweighahead.
The Weighing Machine is expected to appeal against the decision.
But Weighing Machine bosses are unhappy with the request as believe it infringes customers' rights to privacy.
Detectives said Mr Seaton was part of a group of friends who drank in the Weighing Machine and some of them knew who was behind the shooting.
He told the hearing that when he got into the reception he saw two children jumping on and off the weighing machine.
Mr Seaton was shot as he left the Weighing Machine pub in Wavertree in December last year.
Carl Seaton, 28, from Gladstone Road, was shot as he left the Weighing Machine pub in Wavertree, Liverpool, in December last year.
Mr Seaton died after beingblasted five times after leaving the Weighing Machine pub in Edge Hill, Liverpool, in December.
Scanvaegt, the experts in weighing equipment and data systems, have developed, and showed for the first time at Worldwide Food Expo 2001 in Chicago their new ScanGrader 7100 weighing machine. This latest edition of the ScanGrader 7100 family has an Intralox weigh belt and a simple, safe and robust design.