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LSDefine

Simple English definitions for legal terms

credit balance

Read a random definition: natale

A quick definition of credit balance:

Term: Credit Balance

Definition: A credit balance is when there is more money added to an account than taken out. This means that the total amount of money that has been credited to the account is greater than the total amount of money that has been debited from the account.

A more thorough explanation:

Definition: A credit balance is the status of an account when the total amount of credit entries is greater than the total amount of debit entries.

Example: Let's say you have a credit card account with a balance of $500. You make a payment of $300, which is a debit entry, and then you receive a refund of $100, which is a credit entry. The total amount of credit entries is now $100, and the total amount of debit entries is $300. This means that your account has a credit balance of $100.

Another example: You have a savings account with a balance of $1,000. You deposit $200, which is a credit entry, and then you withdraw $100, which is a debit entry. The total amount of credit entries is now $200, and the total amount of debit entries is $100. This means that your account has a credit balance of $100.

The examples illustrate the definition of credit balance by showing how it is determined by comparing the total amount of credit entries to the total amount of debit entries in an account. When the total amount of credit entries is greater than the total amount of debit entries, the account has a credit balance.

creditable | credit card

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babycat
10:03
So you want to do it in winter when you won’t be missing it. Sorry abt ur nose though
BulbasaurNoLikeCardio
10:04
@snow: healing is super easy it takes like a week to get through the bad part but being in the sun or going in water is a no no so if you get it in the summer that is two weeks at least of no summer fun while winter it doesnt matter
snow
10:04
i think the piercer just did a bad job. my ex and i's piercings both got infected
babycat
10:04
maybe you’re spiritually aligned like that
Dkk
10:04
Gross, piercings.
snow
10:04
@babycat: i was living the bob dylan life man. smoking cigs with a nose piercing while drinkin coffee. have been chasing that high since
BulbasaurNoLikeCardio
10:04
I have been wanting a piercing just to feel what it is like
snow
10:05
@BulbasaurNoLikeCardio: that makes sense. idk im just nervous of infections
snow
10:05
i have my ears pierced but thats it
babycat
10:05
I have a couple types of ear piercings and navel
BulbasaurNoLikeCardio
10:05
Only dirty people get infections from tattoos, higher chance of an allergy to the ink. Just go to a legit shop
Dkk
10:06
I just don't like the idea of the ink in my lymphnodes. That scares me.
good morning everyone
BulbasaurNoLikeCardio
10:06
I wanna try a nose peircing to see how it feels. Need a piercer friend who wants to practice on me cause I want to experience it but not keep it
babycat
10:06
You just want to know how it feels to be pierced?
snow
10:07
nose hurt like a bitch, but my tolerance is low
BulbasaurNoLikeCardio
10:07
Yes, I don't think having metal on my face or nips would be fun long term
Dkk
10:07
@BulbasaurNoLikeCardio: I would like that too. I would like to feel that.
honestly any face piercing hurts a lot less than any ear one for me
Dkk
10:07
Man, maybe I will eat another ghost pepper today.
BulbasaurNoLikeCardio
10:07
Like I have my whole body tattooed and dry lined litterally everywhere on my body to just see how it feels
i was so terrified to get my lip done and it was completely fine lmao
but i my industrial was not fun lol
Dkk
10:07
@jackfrost11770: yo you excited for arcane tonight! I haven't slept more than 4 hours in like 3 days.
triplethread
10:08
im back guys my break lasted 24 hours
Dkk
10:08
I feel my strength returning after being sick.
i'm gonna watch it tmrw!! and yes not ready lol omg i can't imagine it'll be a happy ending
triplethread
10:08
my nips are pierced
snow
10:08
thread we hoping kent today lmaooo
triplethread
10:08
YESSS
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