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Balance Due

 
Banking Dictionary: Balance Due

Amount payable at regular intervals in a mortgage, installment loan, or open-end credit account. With credit cards, a nominal payment called the Minimum Payment is due, although the cardholder may pay any amount, up to the full amount advanced against the account.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more