opening balance
noun[C]
ukusBANKING
theamountofmoneyin abankaccountwhen it is firstopened:
Minimumopeningbalanceis $100,maximum$250,000.
BANKING,ACCOUNTING
theamountofmoneyin anaccountat thebeginningof astatement(=printedrecordofamountspaidinto and taken out of anaccount):
Makesuretheopeningbalanceonyourmortgagestatementmatchestheclosingamounton last year'sstatement.