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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 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: The customer is still managed in accounts receivables and has been issued a credit note (i.e. a negative invoice).