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Finance Dictionary and Glossary of Investment Terms
Balance Sheet
Definition 1.
A company's financial statement. It reports the company's assets, liabilities, and net worth at specific time.
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Definition 2.
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called statement of condition.
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Definition 3.
Also called the statement of financial condition, it is a summary of a company's assets,liabilities, and owners' equity.
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