In plain English
This term points to the portion of the money in an account that is available right now. It distinguishes funds that can be taken out now from the account's total recorded funds.
In context
Here, it labels the amount of money in the account that is currently shown as able to be withdrawn.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels funds currently shown as eligible for withdrawal.
Meaning limits
By itself, the term does not say why any other money in the account is not included in that amount.
Examples
“Although the account held $900 in total, her withdrawable balance was only $650 that afternoon.”
“By morning, the account showed a withdrawable balance of $40.”