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LSDefine
Simple English definitions for legal terms
balance
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A quick definition of balance:
Term: BALANCE
Definition: Balance means making sure that things are equal or fair. For example, when you balance your bank account, you check to make sure that the money going in is the same as the money going out. You can also balance things like work and play, or different groups of people, to make sure that everyone is treated fairly. Balancing is about finding the right amount of things so that everything is just right.
A more thorough explanation:
Definition: To calculate the difference between the money you owe and the money you have, or to make things equal or fair.
Example 1: The accountant balanced the company's books by making sure that the amount of money spent was equal to the amount of money earned.
Example 2: The company tried to balance the ratio of mid-level managers to assembly-line workers by hiring more workers to make it fair.
Example 3: The judge balanced the competing interests of both parties in the court case and made a fair decision.
These examples illustrate how balance can be used in different contexts, such as in accounting, employment, and law. In each example, balance is used to make things equal or fair by calculating the difference between two things or measuring competing interests and offsetting them appropriately.