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Unpaid Balance

 
Banking Dictionary: Unpaid Balance

Outstanding Loan balance or Cash Advance that is still due and payable. It may be the current balance on a loan, credit card account, or a past due balance, including late charges, if payments are missed. A balance unpaid more than 30 days may be reported as Past Due to a Credit Bureau.

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