Meaning of the word "account balance" in English

What does "account balance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

account balance

US /əˈkaʊnt ˈbæləns/
UK /əˈkaʊnt ˈbæləns/

Noun

the amount of money in a bank account or the amount of money owed to a company

Example:
I need to check my account balance before making a large purchase.
The monthly statement showed a positive account balance.