What does available balance mean Meaning and Definition
What does available balance mean
Pronunciation
/ˈae.və.ləbɑləns/
Part of Speech
Noun
Definition
The current amount of funds or credit available in a bank account, credit account, or other financial instrument.
Etymology
The phrase “available balance” is derived from the words “available” meaning capable of being used or accessed, and “balance” referring to the amount of funds or credit present in an account.
Usage Notes
The term “available balance” is commonly used in financial transactions, such as checking account balances, credit card limits, and loans.
Cultural References
The term has been mentioned in popular movies, TV shows, and financial books, often in relation to budgeting, saving, and responsible spending.
Idiomatic Expressions or Phrases
The phrase “available balance” is often used in combination with other financial terms, such as “credit limit” or “bank statement”.
Related Words or Phrases
- Balance
- Available
- Accessible
Collocations
- Available balance in my checking account
- Checking my available balance online
- Available balance on my credit card
Frequency of Use
The term “available balance” is commonly used in everyday conversations, financial reports, and online transactions.
Common Misspellings
- Availible Balance
- Avilable Balance
- Avalable Balance