Static Balance
WARNING: This page is about a different car, the 2003 GMC Sierra and 2003 Chevrolet Silverado. However, it is still accessible from the selected car via links, so may be relevant.
Static balance is the equal distribution of weight around the wheel circumference. The wheel balance weights (2) are positioned on the wheel in order to offset the effects of a heavy spot (3). Wheels that have static imbalance can produce a bouncing action called tramp.