- balance due
The amount of a debt owed on an account, a mortgage, or a promissory note. The balance due is not necessarily the sum of installments due (because the installments may include amortized interest), but may be the principal due without further interest.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- balance due
n.the amount of a debt still owed on an account or the principal owed on a promissory note. In the case of a promissory note, the balance due is not the sum of installments due, since these include amortized interest, but may be the principal due without further interest.
Law dictionary. EdwART. 2013.
Look at other dictionaries:
balance due — The amount of a debt still owed on an account or the principal owed on a promissory note. With a promissory note, the balance due is not the sum of the remaining installments, because that amount includes interest payments, but may be the… … Business law dictionary
balance due — The amount owing on a debt after a partial payment or payments. The balance due on a general account by a correspondent is, in mercantile language, the fund found in his hands, Parsons v Armor (US) 3 Pet 413, 430, 7 L Ed 724 … Ballentine's law dictionary
balance due — amount owed, amount due to be paid … English contemporary dictionary
ascertain the balance due — index liquidate (determine liability) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
due — adj [Old French deu, past participle of devoir to owe, from Latin debere] 1 a: satisfying or capable of satisfying an obligation, duty, or requirement under the law the buyer s due performance under the contract due proof of loss b: proper under… … Law dictionary
balance — I (amount in excess) noun carry over, excess, extra, leftover, margin, oddments, overflow, overmeasure, overplus, overrun, oversupply, plus, reliquus, remainder, remaining portion, remains, remnant, residual, residual portion, residue, residuum,… … Law dictionary
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