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Q: Why do you owe money when you have a margin balance account?
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What is card balance?

It is the balance on your account, indicating either how much money you owe or if you have some money in the account.


What is credit card balance?

It is the balance on your account, indicating either how much money you owe or if you have some money in the account.


What is a credit card balance?

It is the balance on your account, indicating either how much money you owe or if you have some money in the account.


What does it mean when an account is having a debit balance?

It means you owe money, you passed your limit.


How do you pay a balance that is owed to PayPal?

Generally, you do not owe money to PayPal. If you should find that you do owe money to them because you have been subject to a "chargeback", for example, you can upload funds from your bank/checking account to your PayPal account, and so clear the balance.


What is your balance on your account?

The balance of your account is the amount of credit or debit of your account. That is how much you have or how much you owe.


Where does escrow account appear in the balance sheet?

As a liability. Basically, until you book that money, you owe it back to the customer.


When there is a credit balance on a bank statement it means?

It means that you have money in your bank account that can be withdrawn whenever you need. A credit balance indicates that there is money in your account whereas a Debit balance indicates that you owe money to the bank. You can withdraw as much money as you have in your account anytime you want if the account is a saving or checking account. If it is a Time Deposit, you may have to wait until the deposit matures or incur the penalty for premature closure.


What is creditor account with debit balances?

A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.


What is the balance on a loan?

The balance means the amount of money that you still owe on the loan.


Will TD bank open you a business account if owe money to another bank?

Yes. TD does not check your other bank's balance info in order to simply open a chequing or savings account


Can you still owe money after your car is repossessed and you are bankrupt?

You still owe the balance after the insurance money is paid, if there is a balance. You can only get rid of it, along with your other unsecured debts, by filing bankruptcy.