balance-check

Vocabulary Word

Definition

'Balance-check' is a bit like counting the coins left in your wallet. More officially, it's when you check the amount of money present in your bank or financial account.

Examples in Different Contexts

In banking, a balance check involves verifying the current funds available in an account. A bank teller might inform, 'You can perform a balance check through our online portal or ATM machines to see your available funds.'

Practice Scenarios

Technology

Scenario:

To offer users quick access to their account information, we could introduce a new feature in our app.

Response:

I agree. Adding a balance check feature will greatly enhance user experience.

Accounting

Scenario:

Before closing our books for the fiscal year, let's ensure our ledger accounts are in order.

Response:

I will arrange a balance check for all our ledgers and ensure that our account balances match.