The amount remaining in a cash account or margin account after all securities have been paid for.
In a cash account, the credit balance is the amount of money in a customer's account after all debts have been paid and all proceeds from sales received. In a margin account, a credit balance would include the proceeds held from a short sale which would be held in escrow for the borrowed securities for these sales.
This balance appears in the "Amount Due" column of your statement with a minus sign after the amount (i.e., $100-). Mayo Clinic may owe a refund to the patient or insurance plan, dependent upon review of the account.
On a revolving line of credit, the amount currently owed by the cardholder.
a negative balance on a receivable
When an individual's accounts receivable ledger show that total payments have exceeded total charges.
A surplus balance in a child support account, following application of HFS's distribution policies and practices.
A credit balance represents monies owed to a customer by a broker/dealer, generally resulting from the customer's sale of securities
This is the balance that is due to the client from the factor. The "credit balance" will increase as a result of sales assigned to the factor and decrease as monies are advanced to or paid to the client. So, for example, if a client sells a customer $100 worth of merchandise and assigns that invoice to the factor, the client would have a credit balance of $100. Any advances to the client or deductions by the customer would reduce this balance.
1: In a client's cash account at a brokerage firm, the amount that the firm owes to the client. This equals money deposited and remaining after any purchases are paid, plus uninvested proceeds from securities sold and not sent to the client. 2: In a client's margin account at a brokerage firm a credit balance may mean either: * Proceeds from short sales that are held in escrow for the securities borrowed for these sales, plus the required margin for the trade. * Any free credit balances, or net balances, which can be withdrawn at any time. A free credit balance occurs when all previously margined securities have been paid for in full. Special miscellaneous account (SMA) balances are not free credit balances. If money is withdrawn, a new or increased debit balance will be incurred. SMA is generated from the borrowing power of margin securities within the client's account See: Debit Balance; Margin; Margin Account; Selling Short; Special Miscellaneous Account
The amount owed on a credit card. Not to be confused with a minimum payment.
The total amount owed on a credit card.
See credit and debit balance
In a cash account, the amount that the firm owes to the customer. Ina short margin account, it is the sum of the proceeds of the sale and the required margin.
The surplus in a cash account with a broker after purchases have been paid for, plus the extra cash from the sale of securities.
The funds available to a client in a cash or margin account. In a short sale, this balance represents the customer’s liability.
For cash accounts, it is the uninvested money in your account. In a margin account, it is the money on deposit against a short position.
the amount of money in your account.
BALANCE remaining after one of a series of bookkeeping entries. This amount represents a LIABILITY or income to the entity. (See BALANCE.)
(1) In a customer's account of a broker/dealer it indicates that the broker/dealer owes money to the customer either conditionally or unconditionally; (2) Opposite of debit balance.
A surplus or overpayment of cash on an account that is owed to the debtor.
In a cash account, the amount that a firm owes to a customer. In a short margin position, the sum of the proceeds of the sale plus the required margin.
The amount of cash left over in either a cash or margin account (or a combined balance of the two) after all securities have been paid for. See the explanation of margin for more complete information on using margin leverage in your investing.
A simple accounting term which refers to the balance of an account showing the net amount arising from the total amount of credit less the total amount of debits.
When there is cash left over in a margin or cash account payment on all securities has been made.