Business, Legal & Accounting Glossary
Refers to the total sum of money due for the purchase of a good or service that must be paid by the set due date.
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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This glossary post was last updated: 14th January, 2020 | 3,353 Views.