Define: Amount Due

The total sum of money due for the purchase of a good or service that must be paid by the set due date. In relation to taxes, the money owed to the government when required tax amount totals a greater number than total tax payments previously made.

The total sum of money due for the purchase of a good or service that must be paid by the set due date.

In relation to taxes, the money owed to the government when required tax amount totals a greater number than total tax payments previously made.

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Definitions for Amount Due are sourced/syndicated from:

• A Dictionary of Economics (Oxford Quick Reference)
• BusinessDictionary.com
• Oxford Dictionary Of Accounting
• Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th October 2019.