final balance

USAGE SUMMARY

"final balance" is a correct and usable phrase in written English.
It is used to refer to the amount of money that remains after all debts are paid. For example, "John paid off all of his debts and reported a final balance of $500 in his bank account."

✓ Grammatically correct

Academia

Formal & Business

News & Media

Science

Encyclopedias

Wiki

Reference

Social Media

Human-verified examples from authoritative sources

Exact Expressions

52 human-written examples

The big story of the 2.0 patch has been weapon balancing, and now we finally get to see what the final balance changes have been.

Forbes

But the final balance is way more showman than intimate introspection.

The Guardian - Music

The final balance of $81,890 did not include reinvested dividends.

The New York Times

In the final balance, the margins were minimal as Williams won 107 points to Konta's 106.

The Guardian - Sport

"We'll need about 10,000 jobs before we know what the final balance is like".

The New York Times - Tech

Accordingly, final approved levels (and thus a student's final balance due) may differ from the amounts shown.

University of California, Berkeley

Human-verified similar examples from authoritative sources

Similar Expressions

8 human-written examples

Thus, the final net balance of positive and negative signals would determine the variable phenotype observed in cno2 zygotic null mutant embryos.

Plosone

So joyous and immense were the hopes that once rested on the actor, raconteur and humanitarian Sir Peter Ustinov, who has died in Switzerland aged 82, that the final balance-sheet of his life was bound to seem an anticlimax, both to himself and to those who saw the skyrocket of his early talent.

The Guardian

But those final balances are the result of nonexistent investments and fictional profits.

The New York Times

You may save a couple of hundred pounds by so doing – and all you need to commit to is the deposit, with final balances due usually only 10-12 weeks before you travel".

The Guardian - Travel

While the U.S. money market has become truly national, it still needs a final clearing centre upon which the net impact of changes in overall supply or demand can ultimately converge and where the final balancing adjustments of the market as a whole can be accomplished.

Encyclopedia Britannica

Expert writing Tips

Best practice

When discussing financial matters, clarify the context. Specify if the "final balance" refers to a bank account, loan, or budget to avoid confusion. For example, "The final balance on the mortgage was paid in full."

Common error

Avoid assuming the "final balance" is always positive. Clarify if it represents a debt (negative balance) or assets (positive balance).

Linguistic Context

The phrase "final balance" typically functions as a noun phrase. It identifies the concluding amount in an account or calculation. As Ludwig AI confirms, it's a standard English phrase. The examples show it describing account status, payment amounts, and financial reconciliations.

Expression frequency: Common

Frequent in

News & Media

28%

Science

28%

Formal & Business

10%

Less common in

Wiki

6%

Academia

4%

Encyclopedias

2%

Ludwig's WRAP-UP

The phrase "final balance" is a common and grammatically sound term used to denote the concluding amount after all transactions or calculations. As Ludwig AI states, it refers to the amount of money that remains after debts are paid. It appears frequently in various contexts, including news, science, and business, indicating its widespread applicability. When using "final balance", clarity is essential to specify the context (e.g., bank account, loan) and whether it represents a positive or negative amount. Consider alternatives like "closing balance" or "remaining balance" to add nuance, and the specific meaning of the phrase always depends on context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

closing balance

Replaces "final" with "closing", emphasizing the act of bringing something to an end.

end balance

Simply replaces "final" with "end", indicating conclusion.

remaining balance

Focuses on what is left after deductions or transactions.

terminal balance

Uses "terminal" to indicate the end point.

net balance

Highlights the result after all deductions and additions.

ultimate balance

Substitutes "final" with "ultimate", stressing the definitive nature of the balance.

final tally

Replaces "balance" with "tally", focusing on the calculation.

final reckoning

Uses "reckoning" to suggest an accounting or settlement.

settled account

Focuses on the state of being settled or resolved.

final score

Emphasizes the conclusive figure, especially in competitive contexts.

FAQs

What does "final balance" mean in accounting?

In accounting, the "final balance" refers to the amount remaining in an account at the end of a specific period, after all transactions have been recorded. It represents the net result of all debits and credits.

How do I calculate the "final balance" of a bank account?

To calculate the "final balance", start with the beginning balance, add all deposits, and subtract all withdrawals and fees. The result is your "final balance" for the period.

What is the difference between "final balance" and "available balance"?

The "final balance" is the actual amount in your account after all transactions have posted. The available balance might be different if there are pending transactions or holds on funds. Use "final balance" when you intend to mean actual cleared funds, and do not make assumptions of availability.

What are some alternatives to the phrase "final balance"?

You can use alternatives like "closing balance", "remaining balance", or "terminal balance" depending on the context.