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A calculated balance (8)

Ross

I believe the answer is:

equation

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'balance' is the definition.
(thesaurus)

I cannot understand how the rest of the clue works.

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(Other definitions for equation that I've seen before include "Maths statement with =" , "Mathematical statment that two are equal" , "V=IR, say" , "feature of maths" , "Mathemical statement using = sign" .)

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