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account balance

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Financial Dictionary

Account Balance

The net of debits and credits for an account at the end of a reporting period.

Investopedia Commentary

This applies for all types of accounts. A bank account balance shows the amount owed to you by the bank while a credit card balance shows the amount you owe to the credit card company.

See also: Account, Checking Account, Demand Deposit, Frozen Account, Savings Account, Sweep Account

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