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Financial Terms
Account Balance
What is an account balance?
ac - count bal - ance
noun
As it relates to a merchant's profile, an account balance provides an approximation of the earnings accrued between the most recent payment and the present day within the ongoing payout period. This balance is important in monitoring and managing one's financial transactions and resources, helping individuals and businesses gain insight into their financial standing and recent revenue generation within the defined payout period.
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