existing balance

USAGE SUMMARY

The phrase "existing balance" is correct and usable in written English.
It can be used in financial contexts to refer to the amount of money currently available in an account or the remaining balance owed on a loan or credit card. Example: "Before making any new purchases, please check your existing balance to ensure you have sufficient funds."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

29 human-written examples

As it turned out, voters last November preserved the existing balance of power.

The New York Times

The North Rhine-Westphalia election has the potential to upset the existing balance of power.

The New York Times

Even more importantly, perhaps, it could fundamentally transform the existing balance of power in northeast Asia.

Independent

It does not need to run with cash balances and can comfortably cover acquisitions from existing balance sheet resources.

The Guardian - Business

Introducing the white paper, he said that it had been crafted expressly to preserve the existing balance of power.

The Economist

If you have an existing balance on your credit or store card, think seriously about transferring it to another provider offering a better rate.

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

27 human-written examples

Yet this would be just to fill existing balance-sheet holes.

The Economist

The card offered check-writing and a chance to transfer existing balances to the MasterCard.

The New York Times

And except in a few cases, they are forbidden to raise rates on existing balances.

The New York Times

Both make it far harder for students to get credit cards and for banks to increase rates on existing balances.

The New York Times

In other words, on a given day, all workers are re-enrolled in their 401 k), as if they were new workers — but with existing balances to invest.

The New York Times

Expert writing Tips

Best practice

When discussing financial matters, clearly specify the type of "existing balance" you're referring to (e.g., credit card, bank account) to avoid ambiguity.

Common error

Don't assume that your "existing balance" on a credit card reflects your available credit. The available credit is the difference between your credit limit and your "existing balance".

Linguistic Context

The phrase "existing balance" functions as a noun phrase, typically acting as the subject or object of a sentence. It describes a financial quantity. Ludwig confirms the correct usage of this phrase in various contexts.

Expression frequency: Common

Frequent in

News & Media

53%

Science

29%

Encyclopedias

6%

Less common in

Wiki

6%

Formal & Business

6%

Reference

0%

Ludwig's WRAP-UP

The phrase "existing balance" is a common and grammatically correct term used to describe the current amount of money in an account or the amount owed on a credit card or loan. As Ludwig AI confirms, it appears frequently in diverse contexts, particularly in news and media. While seemingly straightforward, it's important to distinguish it from related terms like "available balance" or "outstanding balance" to ensure clear communication in financial discussions. When using the phrase, ensure you specify the type of balance to avoid ambiguity and consider the context to determine if a more specific alternative might be more appropriate.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

current balance

Replaces "existing" with "current", emphasizing the present state of the balance.

remaining balance

Focuses on the portion of the balance that is yet to be paid or used.

outstanding balance

Highlights the amount still owed.

available funds

Emphasizes the money that can be readily accessed.

account balance

A more general term referring to the total amount in an account.

credit balance

Specifically refers to the balance on a credit account.

present funds

Indicates the current money available.

ledger balance

Refers to the balance recorded in the accounting ledger.

bank balance

Specifically denotes the balance held in a bank account.

cash reserves

Implies a readily available pool of money.

FAQs

What does "existing balance" mean in finance?

In finance, "existing balance" refers to the current amount of money in an account or the amount still owed on a loan or credit card at a particular time.

What can I say instead of "existing balance"?

You can use alternatives like "current balance", "remaining balance", or "outstanding balance" depending on the context.

How do I check my "existing balance"?

You can usually check your "existing balance" through online banking, mobile apps, ATM inquiries, or by contacting your financial institution directly.

Is "existing balance" the same as "available balance"?

While related, they aren't always the same. "Existing balance" is the total amount in the account, while "available balance" considers any holds or pending transactions that might reduce the amount you can actually use.