In plain English
This is the part of the money in an account that is ready to use right now. It refers to funds that are presently usable for paying, taking money out, or moving money elsewhere.
In context
Here, “available balance” labels the amount of money currently shown as usable for payments, withdrawals, or transfers.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels funds currently shown as usable.
Meaning limits
The term alone does not tell you the full amount in the account, only the part that can be used now.
Examples
“Although the account total was £500, the available balance was only £420.”
“The cash machine showed an available balance of £420 before the withdrawal.”