Balance Due

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Balance Due

The total principal still owed on a loan or other debt. This does not include interest that has not yet accumulated. Thus, if one owes $1,000 on a credit card, one could pay more than $1,000 over time by making principal and interest payments, or one could simply pay the balance due (or the complete amount) at once.
References in periodicals archive ?
"Omani banks are subject to an 87.5 per cent regulatory lending ratio cap, computed as net lending (inclusive of eligible government soft loans) as a proportion of customer deposits, net balances due to banks abroad and capital funds.
Thousands of owners received notices of balances due on their property tax payments last month, but in fact, many of the notices were merely corrected tax bills because of a change in the assessment, and a careful scrutiny revealed the bills are not due until the next scheduled tax payment.
Taxpayers should attach forms 9465 to their returns if they cannot pay their balances due. The forms also can be used to ask for installment plans on receipt of tax bills from the government.
According to the final offer, released yesterday, 12.5 per cent of the remaining balances due to eligible depositors will be released on completion of the signing of the agreement.
The analysts attributed the upgrade to the city's historically stable financial performance and expected maintenance of strong fund balances due to structural budget adjustments.
6015 have been effective for determining unpaid balances due the IRS as of July 22, 1998 and Federal tax liabilities arising after that date, many cases have recently been decided by the Tax Court and district courts.
* Establishing a 20-year statute of limitations to collect income of franchise tax balances due from taxpayers, and thereafter extinguish the liability to pay such balances by abating the tax;
"The city doesn't take the balances due off their list until the refund is received and credited administratively," he explained.
Its next big step is to let all taxpayers file electronically, even if they have balances due. In fact, the day soon may come when the IRS will demand that all returns be filed electronically.
The reported asset values include balances due to the nonbank subsidiaries from their parent company and their affiliated banks.
The several-notch downgrade was triggered by its shrinking fund balances due to a longstanding fiscal imbalance that has aggravated by the economic downturn and alleged embezzlement by a former municipal employee, the rating service said.
The rejection letter explained that the IRS's records showed that M had "balances due on [his] 1989, 1990 and 1991 individual income tax returns," attributable to the preparer penalties.