credit balance
A "credit balance" indicates a surplus in an account, where credits surpass debits, commonly seen in banking, accounting, and investing.
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Definition
B2Banking
(common)The amount of money available in an account, indicating a positive balance.
Example
- She checked her account and saw a credit balance of $500.
C1Accounting
(technical)The amount by which credits exceed debits in an account, typically shown in the liabilities section.
Example
- The company's balance sheet showed a credit balance in the accounts payable section.
B2Credit Cards
(common)The remaining amount of credit available to a borrower on a credit line or credit card.
Example
- After making a payment, her credit card showed a credit balance of $200.
Similar
Terms that have similar or relatively close meanings to "credit balance":
debit balancedebit accountcredit lineon accountcredit referencecurrent accountfinal account