To determine the difference between the sum of the credits and the sum of the debits of an account. 2 v. The act of estimating, measuring, or weighing two things in comparison to each other. For example, the balancing of the risks and benefits of filing a lawsuit. 3v.To offset or counteract. 4v. To place or keep in equilibrium or proportion, such as balancing competing interests. 5n.The result of balancing