The phrase "accumulated balance" refers to the total amount of money or resources that have been collected or saved over a period of time. Full definition
Even though these costs are paid on an annual basis, your lender will require you to pay a monthly fraction towards each cost and accumulate the balance in your escrow account. (valuepenguin.com)
You can also set up the credit card to be automatically paid from your bank account so that you don't miss a due date or inadvertently accumulate a balance. (creditsesame.com)
It's important, once you get the card, to keep track of your spending so you never accumulate a balance you can't pay in full. (asklizweston.com)