The balance
Example: Balance shows difference between assets and liabilities at a given time
Definition
"The balance" refers to the difference between assets and liabilities at a specific point in time, representing the net worth or financial standing of an individual or organization. It is a key figure in accounting that indicates whether resources exceed debts or vice versa.
Etymology
The term "the balance" originates from the Latin word 'bilanx,' meaning 'having two scales,' reflecting the concept of weighing or comparing two quantities. Over time, it evolved into the Old French 'balance,' referring to a device for weighing, and later came to signify the financial sense of comparing assets and liabilities.
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"The balance" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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