Definition of "balance sheet" [balance sheet]

• A statement of a business or institution that lists the assets, debts, and owners' investment as of a specified date. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "It is unnecessary to do more than briefly refer to those facts touching the policy and intentions of Augustus which have been skillfully collected and marshaled by a long succession of writers on this subject — his general survey of the whole empire: the rationes imperii, “a sort of balance sheet published periodically”: the libellus or breviarium totius imperii, a compendium of useful statistics about the kingdoms, the provinces, the allies, etc."
• "The financing scheme Dow recommended was based on a projected balance sheet (Exhibit 1) and income statement (Exhibit 2) that resulted from a joint study by Dow Chemical Pacific and the First National City Bank project finance group."
• "The accuracy of my first deduction in the detecting business, that my client was an accountant, spoke ill for my prospects: Henry Martin wouldn't have recognised a balance sheet if it had been handed to him on a silver salver."