credit balance
A balance on the right side (credit side) of an account in the general ledger.
» For more clarity on this term: ...
credit balance
In general:account balance in the customer's favor. See also credit .Securities: in cash accounts with brokers, money deposited and remaining after purchases have been paid for, plus the uninvested proceeds from securities sold.
Credit Balance
1: In a client's cash account at a brokerage firm, the amount that the firm owes to the client.
Credit Balance
BALANCE remaining after one of a series of bookkeeping entries. This amount represents a LIABILITY or income to the entity.
See also: Balance ...
Credit Balance
For cash accounts, it is the uninvested money in your account. In a margin account, it is the money on deposit against a short position.
CREDIT BALANCE (CR) " In a cash account, the amount that the firm owes to the customer. Ina short margin account, it is the sum of the proceeds of the sale and the required margin.
Credit Balance
The funds available to a client in a cash or margin account. In a short sale, this balance represents the customer's liability.
Credit Checking ...
Credit balance
The surplus in a cash account with a broker after purchases have been paid for, plus the extra cash from the sale of securities.
Covered position ...
Credit balance: Money on deposit in a customer's account.
Credit spreads: An options spread position in which the premium on the short position is greater than the premium on the long position.
Credit Balance
In a margin account, the amount of funds deposited in the customer's account following the successful execution of a short sale order.
Credit balances or claims towards foreign debtors. Foreign assets may for instance take the form of loans granted by the banks to customers abroad, holdings in foreign enterprises, direct investments abroad, foreign real estate etc.
a credit balance in the overhead account
at the end of a period; when the applied overhead
amount is greater than the actual overhead that was incurred
overhead ...
A margin account's credit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement.
Lending at a rate Interest paid to a customer on the credit balance received from a short sale.
fictitious credit A credit balance in a securities margin account representing short sale proceeds and the Regulation T margin requirement. fidelity bond A debt obligation serving to protect an employer from loss in the event that...
FICO See: Financing corporation Fictitious credit A margin account's credit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement.
All debit balances therefore that are not assets are losses, and per contra all credit balances that are not liabilities are profits.
It is instead recorded in a contra asset account: an asset account with a normal credit balance, typically called "accumulated depreciation".
Unlike a credit balance or market value, SMA is a bookkeeping entry that reflects a history of the excess equity* above the required minimum for Regulation T, plus all of the charges and releases from the past activity in the account.
Credit Balance (in accounting)
Open Account (in accounting)
debit (technology)
Account Balance (finance term)
Adjusted Debit Balance (ADB) (finance term)
Restricted Account (finance term)
Maintenance Margin (in banking) ...
An asset account that normally has a credit balance. The contra account is used to offset a related account. The approach is used so that the regular asset account is shown at the original or undiminished value.
Favourable balance of payments - A credit balance on some part of the international payments accounts (receipts exceed payments); often refers to a favourable balance of payments on current account plus capital account (that is, ...
Overapplied overhead is a credit balance in the Manufacturing overhead account that arises when the amount of overhead cost applied to Work in progress is greater than the amount of overhead cost actually incurred during a period.
Overdraft ...
FICTITIOUS CREDIT - A margin account's credit balance. Fictitious credit exists after the proceeds from...
FICTITIOUS DEED OF TRUST - Comprehensive master deeds of trust are established by lenders to cover all ...
cash discounts for prompt payment of bills (just report the net price after the discount as the amount of the expense; as an alternative, you can credit the amounts to a separate discount account, and include the credit balance in your business ...
allowance for doubtful accounts A contra asset account with a credit balance used to reduce the carrying amount of accounts receivable to net realizable value.
A credit balance here, shown as a positive number, indicates that the firm makes money on its principal operations. . A debit balance, shown as a negative number, indicates that the firm loses money on its principal operations.
proving the ledger Adding all debit balances and all credit balances of ledger accounts and then comparing the two totals to see whether they are equal.
proxy A document that transfers a stockholder's voting rights to someone else.
Liability
A corporation's overall debts and expenses in the form of credit balances, loans, mortgages and long-term debts.
Life annuity
Annuity that makes a guaranteed payment for the rest of the life of the annuitant.
If MO ends up with a debit balance, we say that overhead was "underapplied"; if MO ends up with a credit balance, we say that overhead was "overapplied." At the end of the year, the Manufacturing Overhead account is closed to Cost of Goods Sold.
...
Liability: A liability is a debt or obligation represented by a credit balance that is or would be properly carried forward on a closing of books of account according to the rules or principles of accounting.
An SEC rule requiring broker/dealers to establish separate reserve accounts into which customer credit balances are maintained, and prohibiting them from using customer balances to finance their own trading.
Interest paid to a customer on the credit balance received from a short sale.
Lending securities ...
An interest rate is the percentage rate at which interest is charged on credit, such as a loan, or paid on a credit balance, such as savings.
Investment fund
An investment fund is a pool of money that is managed professionally.
Likewise, Revenue is an income statement account with a credit balance; notice that it is extended to the income statement credit column. This extension of accounts should occur for every item in the adjusted trial balance.
You have been making good progress at reducing your debt and getting those pesky credit card balances lowered. Good for you. Getting credit balances paid down to at least 50% of the limit is a key way to increase your credit score.
money in bank account the state of a bank account at any one time, indicating whether money is owed (a debit) or owing (a credit balance)
2. Accounting ...
It is called a "contra" account because it is listed with the current assets on the balance sheet although it is a credit balance account. The account balance is determined through use of the Historical Method or Over 90 Days Past Due Method.
Most of the money stock in the US (or any other present-day advanced industrial economy) is in the form of "mere" ledger entries representing bank depositers' credit balances in their individual or corporate checking accounts.
The examiner should be aware that examination of accounts with titles such as Accounts Receivable Credit Balances or Unearned Promotional Allowances, or which refer to rebates, promotional advertising, bill backs, allowances, discounts, ...
TRIAL BALANCE - A list of balances of the accounts in a ledger kept by double entry with the debit and credit balances shown in separate columns.
TRUST AND AGENCY FUNDS - Refer to FIDUCIARY FUNDS.
Even if you pay early, it can still take a few days for the check to clear, and in that time you'll be charged interest. It's almost impossible to pay this bill in full and stop the interest, unless you overpay and get a credit balance in ...
 See also: Expense, Banks, Values, Margin account, Cost of goods
  
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