Balance Due

Business, Legal & Accounting Glossary

Definition: Balance Due



What is the dictionary definition of Balance Due?

Dictionary Definition


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.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/balance-due/
Modern Language Association (MLA):
Balance Due. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 03, 2020 https://payrollheaven.com/define/balance-due/.
Chicago Manual of Style (CMS):
Balance Due. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/balance-due/ (accessed: December 03, 2020).
American Psychological Association (APA):
Balance Due. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/balance-due/

Definition Sources


Definitions for Balance Due are sourced/syndicated and enhanced from:

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

This glossary post was last updated: 26th April, 2020 | 5 Views.