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Balance sheet   /bˈæləns ʃit/   Listen
noun
Balance  n.  
1.
An apparatus for weighing. Note: In its simplest form, a balance consists of a beam or lever supported exactly in the middle, having two scales or basins of equal weight suspended from its extremities. Another form is that of the Roman balance, our steelyard, consisting of a lever or beam, suspended near one of its extremities, on the longer arm of which a counterpoise slides. The name is also given to other forms of apparatus for weighing bodies, as to the combinations of levers making up platform scales; and even to devices for weighing by the elasticity of a spring.
2.
Act of weighing mentally; comparison; estimate. "A fair balance of the advantages on either side."
3.
Equipoise between the weights in opposite scales.
4.
The state of being in equipoise; equilibrium; even adjustment; steadiness. "And hung a bottle on each side To make his balance true." "The order and balance of the country were destroyed." "English workmen completely lose their balance."
5.
An equality between the sums total of the two sides of an account; as, to bring one's accounts to a balance; also, the excess on either side; as, the balance of an account. "A balance at the banker's." "I still think the balance of probabilities leans towards the account given in the text."
6.
(Horol.) A balance wheel, as of a watch, or clock. See Balance wheel (in the Vocabulary).
7.
(Astron.)
(a)
The constellation Libra.
(b)
The seventh sign in the Zodiac, called Libra, which the sun enters at the equinox in September.
8.
A movement in dancing. See Balance, v. t., 8.
Balance electrometer, a kind of balance, with a poised beam, which indicates, by weights suspended from one arm, the mutual attraction of oppositely electrified surfaces.
Balance fish. (Zool.) See Hammerhead.
Balance knife, a carving or table knife the handle of which overbalances the blade, and so keeps it from contact with the table.
Balance of power (Politics), such an adjustment of power among sovereign states that no one state is in a position to interfere with the independence of the others; international equilibrium; also, the ability (of a state or a third party within a state) to control the relations between sovereign states or between dominant parties in a state.
Balance sheet (Bookkeeping), a paper showing the balances of the open accounts of a business, the debit and credit balances footing up equally, if the system of accounts be complete and the balances correctly taken.
Balance thermometer, a thermometer mounted as a balance so that the movement of the mercurial column changes the inclination of the tube. With the aid of electrical or mechanical devices adapted to it, it is used for the automatic regulation of the temperature of rooms warmed artificially, and as a fire alarm.
Balance of torsion. See Torsion Balance.
Balance of trade (Pol. Econ.), an equilibrium between the money values of the exports and imports of a country; or more commonly, the amount required on one side or the other to make such an equilibrium.
Balance valve, a valve whose surfaces are so arranged that the fluid pressure tending to seat, and that tending to unseat, the valve, are nearly in equilibrium; esp., a puppet valve which is made to operate easily by the admission of steam to both sides. See Puppet valve.
Hydrostatic balance. See under Hydrostatic.
To lay in balance, to put up as a pledge or security. (Obs.)
To strike a balance, to find out the difference between the debit and credit sides of an account.






Collaborative International Dictionary of English 0.48








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"Balance sheet" Quotes from Famous Books



... up the balance sheet of his passion, as he drew up every year the balance sheet of friendships that were ended or freshly contracted, of circumstances and persons that had entered into ...
— Maupassant Original Short Stories (180), Complete • Guy de Maupassant

... and additional loans from the Bank of Nova Scotia and the Royal Bank of Canada: thus "the financial sceptre passed to Canada."[49] At the same time the manager and directors of the Commercial Bank were arrested on a charge of having presented a fraudulent balance sheet. Reuter's correspondent at St. John's noted that in this time of trouble the idea of union with Canada gained ground rapidly. How hopeless the position seemed to calm observers on the spot may be gathered from the following vivid extracts from a letter ...
— The Story of Newfoundland • Frederick Edwin Smith, Earl of Birkenhead

... not pay it is interesting to take a look at the African balance sheet. Almost without exception the South African railways have been operated at a considerable net profit. These profits some years have been as high as L2,590,917. During the war, when there was a natural slump in traffic and when all soldiers and Government supplies ...
— An African Adventure • Isaac F. Marcosson

... his annual address the President detailed the business of the organization for the past year, referring but briefly to the facts which had led up to the resignation of the four directors. The Shareholders' Auditor followed with the balance sheet, giving detailed accounts of receipts, expenditures, assets and liabilities; he answered all questions asked. Then came a resolution, expressing the thanks of the shareholders to the President—and this moment was chosen by the leader of the ...
— Deep Furrows • Hopkins Moorhouse

... nation by their blunders. To be a rebel and a schismatic was surely not all that ought to be required of a man in high employment. What would become of the finances, what of the marine, if Whigs who could not understand the plainest balance sheet were to manage the revenue, and Whigs who had never walked over a dockyard to fit out the ...
— The History of England from the Accession of James II. - Volume 3 (of 5) • Thomas Babington Macaulay



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