Learn English – Why is it called a “bank balance”

etymologyterminology

When describing how much money is in a bank account, we'll often say that the account "has a balance" of a certain amount, as in:

Your bank balance is currently £13,550.

Why do we describe this as a "balance", though? If anything, it seems like an account imbalance, because more money has been paid into the account than has been taken out. The only time an account would be "balanced" is if it was at zero. So why the term "bank balance"?

Best Answer

Balance does not only mean that two sides are equal, but it can be the result of "balancing", meaning to compare all the items on one side to those on the other side.

In this case, your bank balance is the result of adding up all the incoming transactions, and deducting all the outgoing transactions.

The resulting balance may be positive or negative.

If you make up the balance of a project, you evaluate what went well, and what didn't, and you come to an overall conclusion about the project's success.