A statement of a business or institution that lists the assets, debts, and owners' investment as of a specified date.
A statement summarizing the financial status of an individual or a business by showing assets, liabilities, etc. at a given date.
Webster's New World
A financial statement that indicates the value of an entity’s current fiscal situation as of a specific date, consisting of a summary of the value of assets and a summary of the value of its liabilities and the owners’ equity.