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 ?
Of the final 25.6 percent of accounts with a zero balance in 2012, 19.7 percent were zero throughout the three periods (group 1), and 32.1 percent had a positive balance in 2000 and then zero in 2007 and 2012 (group 3).
It was those early influences that led to the Brooklyn, New York, resident's credit score of 762, credit cards with zero balances, and her money-saving mindset.
Everyone with a zero balance at March 31 will qualify for the draw - with one winner having their council tax paid for 2005/2006.
The big answer is to optimize the exchange balance, track the relationship throughout the implementation of each fundraising plan and drive toward a net zero balance.
``As long as we address the situation early, it will allow departments to reach as close to zero balance as possible.
"I don't think the hospital will have any option to reject the patient [even] if there's a zero balance in the HSA," he said.
The breath will also help to stabilize the lumbar spine so that we have the ability to stand or sit in erect posture, returning us to zero balance. This can activate the cranial/sacral pump, increase our range of motion and our aerobic ability.
The zero balance reflected (1) the absence of any tax liability on the gift taxes, based on the assumption Betty paid them and (2) a marital trust made up of the remaining estate (after expected administration expenses), which passed to Betty and was therefore eligible for the marital deduction.
Its goal: to provide its executives with a compensation program that is competitive, easy to manage and carries zero balance sheet impact.
The ARRC, MOF maintenance, reorder review and SIM zero balance pulse areas directly impact net and gross effectiveness and readiness; therefore, these pulse areas and the DLR carcass charge area should receive the most attention from the Supply Department leadership.
Laser trimmed resistors provide temperature compensation and adjust zero balance and span.
In addition, as long as any demand continues, DLA will not dispose items to zero balance until all users withdraw, or until there are five years with no demand.