credit balance
noun[C]
ukusBANKING,FINANCE
anamountofmoneyyou have in abankaccount:
There are nochargestopayprovidedyoumaintainanaveragemonthlycreditbalanceof over £1,000 inyourcurrentaccount.
Compare
debit balance
ACCOUNTING
anamountin a company'sfinancialaccountsshowingthat moremoneyhas beenreceivedthan isowed:
Theaccountsthisquartershow acreditbalance.
BANKING,FINANCE
anamountofmoneyyouoweon acreditcard:
Lastyeartwo out of threecardholderspaidofftheircreditbalanceinfulleverymonth.