De balans
Example: Het is belangrijk om de balans van je uitgaven te controleren.
Definition
"De balans" in finance refers to a financial statement that summarizes an entity's assets, liabilities, and equity at a specific point in time. It provides a snapshot of what is owned and owed, helping to assess financial stability and performance.
Etymology
The word "de balans" comes from the Dutch language, where 'balans' is derived from the Latin word 'bilancia,' meaning 'scale' or 'balance.' It originally referred to a weighing scale used to measure weight, symbolizing the equal weighing of financial accounts. Did you know? The concept of a financial 'balance' metaphorically represents the need to balance assets and liabilities.
Learn to use this word actively
"De balans" appears in the Vocaplus list "Dutch - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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