- opening balance opening balance ➔ balance1
* * *opening balance UK US noun [C]► BANKING the amount of money in a bank account when it is first opened: »
Minimum opening balance is $100, maximum $250,000.► BANKING, ACCOUNTING the amount of money in an account at the beginning of a statement (= printed record of amounts paid into and taken out of an account): »
Make sure the opening balance on your mortgage statement matches the closing amount on last year's statement.
Financial and business terms. 2012.
Look at other dictionaries:
opening balance — balance of an account at its start, amount in an account when opened … English contemporary dictionary
opening balance — The balance brought forward at the beginning of an accounting period. Opening balances may be on the debit or the credit side of a ledger. See also: brought down … Accounting dictionary
Opening balance — An ISO term. The closing balance of the previous statement … International financial encyclopaedia
opening balance — / əυp(ə)nɪŋ ˌbæləns/ noun a balance at the beginning of an accounting period … Marketing dictionary in english
opening balance — / əυp(ə)nɪŋ ˌbæləns/ noun a balance at the beginning of an accounting period … Dictionary of banking and finance
opening balance — Fin the value of a financial quantity at the beginning of a period of time, such as a day or a year … The ultimate business dictionary
opening balance sheet — Fin an account showing an organization’s opening balances … The ultimate business dictionary
Intermediate opening balance — An ISO term. The intermediate closing balance of the previous page or message … International financial encyclopaedia
balance — the amount of money remaining in an account. The total of your money in the bank after accounting for all transactions (deposits and withdrawals) is called a balance . Glossary of Business Terms A division of a Securities Account, of a type… … Financial and business terms
balance — / bæləns/ noun 1. the amount which has to be put in one of the columns of an account to make the total debits and credits equal ♦ balance in hand cash held to pay small debts ♦ balance brought down or forward the closing balance of the previous… … Dictionary of banking and finance