Balance+accounts
111Average Outstanding Balance — The unpaid, interest bearing balance of a loan or loan portfolio averaged over a period of time, usually one month. The average outstanding balance refers to any term, instalment, revolving or credit card debt on which interest is… …
112adjusted debit balance — ( ADB) The account balance for a margin account that is calculated by combining the balance owed to a broker with any outstanding balance in the special miscellaneous account, and any paper profits on short accounts. Bloomberg Financial… …
113idle balance — ➔ balance1 * * * idle balance UK US noun [C] UK ► BANKING, FINANCE money that is saved in a bank account but does not earn any interest: »The Treasury Single Account reduces the costs associated with holding idle balances across a number of… …
114extended trial balance — A mechanism for the preparation of financial statements from a *trial balance. The listing of *general ledger accounts in a trial balance is extended by the recording of adjustments (like *accrued expenses) and reclassifications, and by the… …
115group accounts — consolidated accounts comprising a consolidated balance sheet and a consolidated profit and loss account (in each case relating to the parent company and its subsidiary undertakings) (section 227, Companies Act 1985). Practical Law Dictionary.… …
116individual accounts — The balance sheet and the profit and loss account are together referred to as a company s individual accounts (section 226(1), Companies Act 1985). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com.… …
117Companies Act individual accounts — United Kingdom A company s balance sheet as at the last day of the financial year and profit and loss account which give a true and fair view of the state of affairs of the company and are prepared in accordance with: • Schedule 4 of the… …
118Trial balance — Tri al bal ance (Bookkeeping) The testing of a ledger to discover whether the debits and credits balance, by finding whether the sum of the personal credits increased by the difference between the debit and credit sums in the merchandise and… …
119Available Balance — Balances in checking or on demand accounts where there is a delay in crediting funds to an account. If a check deposit has not been cleared by the issuing bank, the funds will not be available to the account holder even though they may show up in …
120Zero Balance Account - ZBA — A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented. A zero balance account is used by corporations to eliminate excess… …
