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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.
Cash balance plans are defined benefit plans that in many ways resemble defined contribution plans. Like defined benefit plans, they are obligated to pay you a specified amount at retirement, and are insured by the federal government.