What is a running balance in a checking account

Related to Running Balance Account

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Note Account As defined in the Indenture.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Settlement Account means the transactional banking account held with an Australian bank which is nominated by the Investor on its Application Form;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account and the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Interest Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-201, which is created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Debt Service Account means the Debt Service Account for General Obligation Bonds, Series 2017 created within the Bond and Interest Fund pursuant to Section 501 hereof.

  • Note Payment Account means the trust account established and maintained as such pursuant to Section 4.1(b) of the Sale and Servicing Agreement.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Trust Collection Account shall have the meaning assigned to such term in Section 5.01(c).

Period basis balancing or period balancing is the usual way to maintain ledgers. Accountants, however, can use a running balance to manage ledgers accounts as well. Running bala… 

Period basis balancing or period balancing is the usual way to maintain ledgers. Accountants, however, can use a running balance to manage ledgers accounts as well. Running balance (RB) is the simplest way to manage individual accounts. It is the total of the amount present on the debit and credit side, less the previous day balance. One significant benefit of using RB is that you stay-up-to-date with the balance of that account. Your checking account or credit card account may be on a running b

Period basis balancing or period balancing is the usual way to maintain ledgers. Accountants, however, can use a running balance to manage ledgers accounts as well. Running balance (RB) is the simplest way to manage individual accounts. It is the total of the amount present on the debit and credit side, less the previous day balance. One significant benefit of using RB is that you stay-up-to-date with the balance of that account. Your checking account or credit card account may be on a running b

Is running balance the same as available balance?

Your available balance is your current balance minus any holds or debits that haven't yet been posted to the account. If you have no holds or pending transactions, the two balances are likely the same. But if you use your debit card regularly or you recently deposited a large check, the two balances may be different.

Why is my running balance more than available balance?

If you've made recent purchases with your debit card, but the financial institution hasn't fully processed the transaction, the current balance will be higher than the available balance. This is also the case if you have written a check that has not yet cleared.

How do you keep your running balance?

Subtracting Total Expenses from Total Earning to Keep a Running Balance in Excel. The easiest way to keep a running balance in Excel is to subtract the total expenses from the total earnings.

What is running bank account?

following manner: Running account. An open unsettled account, as distinguished from a stated and liquidated account. Running accounts mean mutual ... accounts and reciprocal demands between the parties, which accounts and demands remain open and unsettled. In other words, a running.

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