Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 26th April, 2020 | 12 Views.