An account balance is the amount either credited to or owed on a ledger assigned to a particular entity or line-item.
The balance of an account is the net debit or credit assigned to it after all transactions have been documented for a current period. Transactions might be deposits, withdrawals, interest credited, fees, or other activity.
The account in question could be a personal savings or checking account, or a ledger account at a business or institution, or another form of account, such as the macroeconomic concept of current national account. Accounts are said to be “in the red” when there is a net debit (negative) amount, and “in the black” when there is a net positive balance (net credit).
Classic rock factoid: Neil Young made a reference to this with the line “out of the blue, and into the black” in his song Hey Hey, My, My; in admonition of the materialism of pop rock culture.
You have the ability to make withdrawals from an IRA leading up to retirement, but you may be penalized
The act of “going on margin” means borrowing money from the custodian of your account, in order to purchase...
Net Tangible Assets represent a company’s total amount of physical assets less its intangible assets
A HELOC is a line of credit secured by the equity in your home. Homeowners can choose when to use the funds, and...
In general, you can’t withdraw money from a Pension Plan before you retire
Workers who earn income in foreign countries may be eligible to take deductions for the amount of taxes paid
An earnings recast is a revision of previous earnings reports, in which a company has made different choices with...
See the profitability of the Head-and-Shoulders Bottom pattern with Tickeron's Backtested Odds of Success. Learn more with our Pattern Search Engine.
If you buy and sell securities, you may qualify for tax status as a ‘trader,’ which importantly may qualify you for certain business tax breaks