definition of compensating balance
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- DEFINITION of 'Compensating Balance'. A minimum balance that must be maintained in an account. The compensating balance is often used to offset a portion of the cost that a bank faces when extending a loan or credit to an individual or business, and is usually calculated as a percentage of the loan outstanding.
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insure compensate - make up for shortcomings or a feeling of inferiority by exaggerating good qualities; he is compensating for being a bad father overcompensate, cover underwrite, insure, cover - protect by insurance; The insurance won't cover this
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Reconciliation of Balance Sheet Accounts Reconciliation of Balance Sheet Accounts. Reconciliation is the process of comparing information that exists in two systems or locations, analyzing differences and making corrections so that the information is accurate, complete and consistent in both locations.
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- Unadjusted Trial Balance. A trial balance is a list of the balances of ledger accounts of a business at a specific point of time usually at the end of a period such as month, quarter or year. An unadjusted trial balance is the one which is created before any adjustments are made in the ledger accounts.
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balance Examples of BALANCE. 1  She had trouble keeping her balance as the boat rocked back and forth. 2  The skater suddenly lost his balance and fell. 3  Another skater bumped into him and knocked him off balance. 4  Gymnasts need flexibility and balance. 5  She has a good sense of balance. 6  To provide balance in her news story, she interviewed members of both 7  ... Tempeull Definition of BALANCE. transitive verb. 1. a (1) : to compute the difference between the debits and credits of (an account) (2) : to pay the amount due on: settle (2) : to complete (a chemical equation) so that the same number of atoms and electric charges of each kind appears on each side.
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- balance of payments. 1. (economic definition) The difference between monetary transactions of one country with the rest of the world in a given time period. 2. (global marketing definition) A record of all the economic transactions between a country and the rest of the world.
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COMPENSATING BALANCE The noun COMPENSATING BALANCE has 1 sense: 1. a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank. Familiarity information: COMPENSATING BALANCE used as a noun is very rare. Dictionary entry details. • COMPENSATING BALANCE (noun).
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Balance of payments The term balance of payments is sometimes misused by non-economists to mean just relatively narrow parts of the BOP such as the trade deficit, which means excluding parts of the current account and the entire capital account. Another cause of confusion is the different naming conventions in use.
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Compensatory Damages Compensatory Damages. Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia. Compensatory Damages. A sum of money awarded in a civil action by a court to indemnify a person for the particular loss, detriment, or injury suffered as a result of the unlawful conduct of another. Compensatory damages provide a plaintiff with the monetary amount necessary to replace what was lost, and nothing more.
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Compensatory Damages Definition of Compensatory Damages. Noun. An award of money in compensation for actual economic loss, property damage, or injury, not including punitive damages. Types of Damages. In civil lawsuits, damages are classified as either “compensatory” or “punitive.”
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- Definition of balance. 1 : an instrument for weighing: such asa : a beam that is supported freely in the center and has two pans of equal weight suspended from its endsb : a device that uses the elasticity of a spiral spring for measuring weight or force. 2 : a means of judging or deciding the balance of a free election.
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- Definition: Intercompany netting is the offsetting of accounts receivable and accounts payable between two business entities owned by the same parent, so that payment is only made for the net difference between their receivables and payables.efinition: Intercompany netting is the offsetting of accounts receivable and accounts payable between two business entities owned by the same parent, so that payment is only made for the net difference between their receivables and payables.
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What is commutation? In a defined benefit (DB) arrangement (such as a final salary pension) the cash is usually defined as an addition to the pension or by commutation. Commutation is defined as giving up part or all of the pension payable from retirement in exchange for an immediate lump sum.
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compensation 1. compensation-something (such as money) given or received as payment or reparation (as for a service or loss or injury). recompense-payment or reward (as for service rendered). overcompensation-excessive compensation.n. 1. the act or process of making amends for something.. the state of being compensated. 3. something given or received for services, debt, loss, injury, etc.; indemnity; reparation; payment. 4. Biol. the improvement of any defect by the excessive development or action of another part of the same structure.
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- Learner's definition of COMPENSATE. somewhat formal. 1. [no object] : to provide something good as a balance against something bad or undesirable : to make up for some defect or weakness. His enthusiasm compensates for his lack of skill. The price of the item has been reduced to compensate for a defect. [+] more examples [-] hide examples [+] Example sentences [-] Hide examples. 2. [+ object] : to give money or something else of value to (someone) in return for something (such as work) or as payment for something lost, damaged, etc. compensate workers for their labor. She was not compensated for the damage done to her car.
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Unadjusted trial balance What is an unadjusted trial balance. The unadjusted trial balance is the listing of general ledger account balances at the end of a reporting period, before any adjusting entries are made to the balances to create financial statements. The unadjusted trial balance is used as the starting point for analyzing account balances and making adjusting entries.
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"What does a ""credit balance"" in accounts receivable mean? What are some examples?" A credit balance is the amount a business now owes their customer. In other words, the customer has paid more than they have received. This could arise because of any of the following scenarios: customer overpays (error in the original invoice, duplication of payment)
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Balance of trade Balance of trade. BALANCE OF TRADE, Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. 1  Facebook.
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compensatory time compensatory time. The time off received by an employee who worked extra hours instead of receiving overtime pay. For example, if an employee who is required to render 40 hours had worked for 60 hours, instead of the company paying him 20 hours worth of overtime pay, the company allows him 20 hours off to be taken the next week.
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All About Handling Geeky stuff: What is handling balance? Handling balance (or bias) refers to the car’s behavior when it reaches the edge of its handling envelope. If a car is taken around a corner at speeds beyond which it is capable, it will slide. Handling balance refers to which end of the car slides first.
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Compensatory Time Law and Legal Definition Comp Time, or Compensatory Time, is an alternate way of rewarding overtime work. Instead of paying an hourly employee time-and-a-half for work done over the time allotted in the normal work week, employers would allow an hour and a half of time off for each hour of overtime worked. This time could be used in emergencies, or scheduled for personal use.
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balance balance-Legal Definition. n. To determine the difference between the sum of the credits and the sum of the debits of an account. v. The act of estimating, measuring, or weighing two things in comparison to each other.
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Trade Balance What it is: The trade balance, also known as the balance of trade (BOT), is the calculation of a country's exports minus its imports. When a country imports more than it exports, the resulting negative number is called a trade deficit. When the opposite is true, a country has a trade surplus.
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- Compensation definition, the act or state of compensating, as by rewarding someone for service or by making up for someone's loss, damage, or injury by giving the injured party an appropriate benefit. See more.
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balance Definition of balance. 1  1 : an instrument for weighing: such asa : a beam that is supported freely in the center and has two pans of equal weight suspended from its endsb : a device that uses the elasticity of a spiral spring for measuring weight or force. 2  2 : a means of judging or deciding the balance of a free election.
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balance of trade balance of trade - the difference in value over a period of time of a country's imports and exports of merchandise; a nation's balance of trade is favorable when its exports exceed its imports. trade balance, trade gap, visible balance.