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cash balance noun [U]. âº the âamount of âmoney a âcompany has in its âbank âaccount at a particular âtime: The âcompany âreported a âcash âbalance of Â£335m at the end of the second âquarter. See also. target cash balance.
A minimum cash balance enables companies to avoid cash shortages caused by cash outflows exceeding cash inflows in a given accounting period. It is the lowest amount of cash a company keeps on hand to meet cash maintenance and planning objectives.