Legal Definition and Related Resources of Balance

The term is often used in the sense of residue or remainder , and in a general sense, may be defined as what remains or is left over. See commercial discount Co. v Holland, 289 P. 906, 107 Cal. App. 83. In relation to accounts, balance denotes the equality between the debit and credit totals of an account .

The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts. “There is a broad distinction between an account and the mere balance of an account, resembling the distinction in logic between the premises of an argument and the conclusions drawn therefrom. A balance is but the conclusion or result of the debit and credit sides of an account. It implies mutual dealings and the existence of debit and credit, without which there could be no balance.” 45 Mo. 573. The word is sometimes used in the sense of “residue.”

(Amount in excess), noun

• carryover
• excess
• extra
• leftover
• margin
• oddments
• overflow
• overmeasure
• overplus
• overrun
• oversupply
• plus
• reliquus
• remainder
• remaining portion
• remains
• remnant
• residual
• residual portion
• residue
• residuum
• spare
• superfluity
• superfluousness
• superplus
• surfeit
• surplus
• surplusage
• Associated Concepts: balance due

(Equality), noun

• analagousness
• commensurability
• comparability
• comparableness
• comparativeness
• correspondence
• equalization
• equation
• equilibration
• equilibrium
• equipoise
• equipollence
• equiponderance
• equivalence
• homeostasis
• level
• libro
• neutralization of forces
• parity
• stabilization
• stable equilibrium
• state of equilibrium
• symmetrical scales
• symmetry Associated Concepts: balance account
• balance of convenience
• balance of hardship
• balance sheet
• balancing equities

Browse or run a search for Balance in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Balance in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Balance in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Balance in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Account, Balance Sheet, Bankruptcy, Composite Account Method, Consent, Daily Balances, Ending Balance Method, Immediate Cause, Laches, Margin Account, Mutual Account, Overdraft, Parole, Retaining Lien, Set-off, Totten Trust.

What does Balance mean in American Law?

The definition of Balance in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

When something is in balance with something else, it is equal to it. A balance, however, is what is left over after a prior balancing of two quantities, as in “Deposits aggregated $10,000, withdrawals $8,000, leaving a balance of $2,000.” See also entries beginning with or containing the word, e.g., balance sheet, credit balance. For the term”s important conceptual legal use, see balancing; scales of justice.

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Balance in the Dictionary	Balance in our legal dictionaries
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Legal Maxims	Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
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Related topics	Balance in the World Encyclopedia of Law

Notice

This definition of Balance Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

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https://legaldictionary.lawin.org/balance/	The URI of Balance (more about URIs)

Balance of probabilities in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of balance of probabilities.

Grammar

This term is a noun.

Etimology of Balance

(You may find balance at the world legal encyclopedia and the etimology of more terms).

early 13c., “scales, apparatus for weighing by comparison of mass,” from Old French balance “balance, scales for weighing” (12c.), also in figurative sense; from Medieval Latin bilancia, from Late Latin bilanx, from Latin (libra) bilanx “(scale) having two pans,” possibly from Latin bis “twice” (see bis-) + lanx “dish, plate, scale of a balance,” which is of uncertain origin. The accounting sense “arithmetical difference between the two sides of an account” is from 1580s; meaning “sum necessary to balance the two sides of an account” is from 1620s. Meaning “what remains or is left over” is by 1788, originally in commercial slang. Sense of “physical equipoise” is from 1660s; the meaning “general harmony between parts” is from 1732. Many figurative uses are from Middle English image of the scales in the hands of personified Justice, Fortune, Fate, etc.; thus in (the) balance “at risk, in jeopardy or danger” (c. 1300). Balance of power in the geopolitical sense “distribution of forces among nations so that one may not dominate another” is from 1701. Balance of trade “difference between the value of exports from a country and the value of imports into it” is from 1660s.

Resources

See Also

• Law Enforcement Officer
• Police Officer
• Law Enforcement Agency

Further Reading

• balance of probabilities in A Dictionary of Law Enforcement (Oxford University Press)
• balance of probabilities in the Encyclopedia of Law Enforcement
• A Treatise on the Police of the Metropolis

United States Tax Concept of Declining Balance Method

A method of depreciation which uses a constant percentage based upon the useful life of the asset. The percentage is applied to the adjusted basis of the asset each year to determine the deduction.

Concept of Balance in the context of Real Property

A short definition of Balance: An appraisal term meaning that value of real property is best sustained when opposite influences (e.g. supply and demand) are equal.

Concept of Balance in the context of Real Property

A short definition of Balance: An appraisal term meaning that value of real property is best sustained when opposite influences (e.g. supply and demand) are equal.

Balance