Graduate cut amount remaining (7)

I believe the answer is:

balance

I'm a little stuck... Click here to teach me more about this clue!

'amount remaining' is the definition.
I can't tell whether this definition defines the answer.

'graduate cut' is the wordplay.
'graduate' becomes 'BA' (someone with a Bachelor of Arts degree).
'cut' becomes 'lance' (I've seen this before).
'ba'+'lance'='BALANCE'

Can you help me to learn more?

(Other definitions for balance that I've seen before include "It weighs - the remainder" , "Equilibrium or symmetry" , "Poise" , "Rest" , "Weighing apparatus" .)

I've seen this clue in The Sun.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.