 |
Definition of 'Available Balance'
Balances in checking or on-demand accounts where there is a delay in crediting funds to an account. If a check deposit has not been cleared by the issuing bank, the funds will not be available to the account holder even though they may show up in the account's stated total funds.
The net effect is that the account balance may be different from the balance that is available to the account holder for spending, withdrawal or transfer.
|
