Longman Dictionary of Contemporary English
The Collaborative International Dictionary
Balance \Bal"ance\ (b[a^]l"ans), n. [OE. balaunce, F. balance, fr. L. bilanx, bilancis, having two scales; bis twice (akin to E. two) + lanx plate, scale.]
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An apparatus for weighing.
Note: In its simplest form, a balance consists of a beam or lever supported exactly in the middle, having two scales or basins of equal weight suspended from its extremities. Another form is that of the Roman balance, our steelyard, consisting of a lever or beam, suspended near one of its extremities, on the longer arm of which a counterpoise slides. The name is also given to other forms of apparatus for weighing bodies, as to the combinations of levers making up platform scales; and even to devices for weighing by the elasticity of a spring.
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Act of weighing mentally; comparison; estimate.
A fair balance of the advantages on either side.
--Atterbury. Equipoise between the weights in opposite scales.
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The state of being in equipoise; equilibrium; even adjustment; steadiness.
And hung a bottle on each side To make his balance true.
--Cowper.The order and balance of the country were destroyed.
--Buckle.English workmen completely lose their balance.
--J. S. Mill. -
An equality between the sums total of the two sides of an account; as, to bring one's accounts to a balance; -- also, the excess on either side; as, the balance of an account. ``A balance at the banker's.''
--Thackeray.I still think the balance of probabilities leans towards the account given in the text.
--J. Peile. (Horol.) A balance wheel, as of a watch, or clock. See Balance wheel (in the Vocabulary).
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(Astron.)
The constellation Libra.
The seventh sign in the Zodiac, called Libra, which the sun enters at the equinox in September.
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A movement in dancing. See Balance, v. t., 8.
Balance electrometer, a kind of balance, with a poised beam, which indicates, by weights suspended from one arm, the mutual attraction of oppositely electrified surfaces.
--Knight.Balance fish. (Zo["o]l) See Hammerhead.
Balance knife, a carving or table knife the handle of which overbalances the blade, and so keeps it from contact with the table.
Balance of power (Politics), such an adjustment of power among sovereign states that no one state is in a position to interfere with the independence of the others; international equilibrium; also, the ability (of a state or a third party within a state) to control the relations between sovereign states or between dominant parties in a state.
Balance sheet (Bookkeeping), a paper showing the balances of the open accounts of a business, the debit and credit balances footing up equally, if the system of accounts be complete and the balances correctly taken.
Balance thermometer, a thermometer mounted as a balance so that the movement of the mercurial column changes the inclination of the tube. With the aid of electrical or mechanical devices adapted to it, it is used for the automatic regulation of the temperature of rooms warmed artificially, and as a fire alarm.
Balance of torsion. See Torsion Balance.
Balance of trade (Pol. Econ.), an equilibrium between the money values of the exports and imports of a country; or more commonly, the amount required on one side or the other to make such an equilibrium.
Balance valve, a valve whose surfaces are so arranged that the fluid pressure tending to seat, and that tending to unseat, the valve, are nearly in equilibrium; esp., a puppet valve which is made to operate easily by the admission of steam to both sides. See Puppet valve.
Hydrostatic balance. See under Hydrostatic.
To lay in balance, to put up as a pledge or security. [Obs.]
--Chaucer.To strike a balance, to find out the difference between the debit and credit sides of an account.
Wiktionary
n. (context economics trade English) The difference between the monetary value of exports and imports in an economy over a certain period of time.
WordNet
n. the difference in value over a period of time of a country's imports and exports of merchandise; "a nation's balance of trade is favorable when its exports exceed its imports" [syn: trade balance, visible balance, trade gap]
Wikipedia
The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period.
If a country exports a greater value than it imports, it is called a trade surplus, positive balance, or a "favourable balance", and conversely, if a country imports a greater value than it exports, it is called a trade deficit, negative balance, "unfavourable balance", or, informally, a "trade gap".
Sometimes a distinction is made between a balance of trade for goods vs one for services.
Usage examples of "balance of trade".
Since they have nothing to export, but still have to import critical commodities-like off-world computers, trained engineers, and machine tools-if they want to build up their local infrastructure, their balance of trade's.
As an economic entity it is immensely active, looking after interworld communication, keeping the balance of trade among the Eighty Worlds.
The Chiefs of Staff, apprised of the degree of collapse to be anticipated, warned that it would precipitate pitched warfare in the streets as Haven's citizens fought for food for their families, for Haven had long since attained a population which could not feed itself without imports, and imports could not be paid for with a negative balance of trade.
If they live closer to Vegas or Atlantic City, it would do wonders for our balance of trade.
The balance of Trade having gone against us big economies must be effected, and it is just a question of deciding which forms of sacrifice will be least prejudicial to our safety.
I want an equal balance of trade between our worlds, to avoid any exploitation of each other in the long-term.
In ancient days, when in the course of human events a balance of trade was in favour of a nation which did not want to spend the balance in or lend the balance to a debtor nation, the debtor nation paid that balance in metallic gold.