We have two definitions:
Balanced Field where Takeoff Distance Required = Accelerated Stop Distance Required
Balanced V1 = This is the speed where on a balanced field length (TODR=ASDR) if we have an engine failure slightly below V1 (Specifically at Vef) we will cover the same amount of distance if we decide to go and reach the screen height of 35 ft or to stop the aircraft at the end of the runway.
Is that correct?