Explore commonly used personal finance terms.
An account balance is the total amount of money available in a financial account at any given time. For a bank account, it includes deposits, withdrawals, and accrued interest. For credit accounts, it reflects the outstanding balance owed. Account balances are regularly monitored to assess financial standing, track spending, and determine available funds or credit. Positive balances indicate funds available, while negative balances or debts imply liabilities that must be managed.
