Balance Due
/ˈbæləns duː/
Definitions
- (n.) The amount of money still owed on a loan, invoice, or account after all partial payments have been made.
The balance due must be paid within 30 days to avoid late fees.
Forms
- balance due
Related terms
See also
Commentary
The term typically appears in financial and contractual contexts; clarity on what constitutes the balance due is important in drafting payment clauses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.