0
The outstanding balance owed on a debt is commonly referred to as the "principal." This amount represents the original sum borrowed, minus any payments that have been made. Additionally, it may include any accrued interest or fees that have not yet been paid, but primarily, it denotes the total amount still owed to the creditor.
What else can I help you with?
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is an amount of money owed?
An amount of money owed refers to a debt or obligation that one party has to pay another. This can arise from loans, credit purchases, or services rendered. It represents a liability on the debtor's balance sheet and must be settled either through payment or other agreed-upon means. In financial terms, it is often recorded as accounts payable or outstanding debt.
Is there still money owed on this vehicle, as mentioned on Facebook?
Yes, is there still an outstanding balance on the vehicle as stated on Facebook?
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
What is the deadline for the payment of the outstanding debt, and how soon can we expect the settlement of the amount owed?
The deadline for payment of the outstanding debt is insert specific date. The settlement of the amount owed can be expected insert estimated timeframe.
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
What is another word for outstanding?
This the other word: EXELLENT Definition #2 - LateExample; An outstanding debt owed to a person or business
What is does outstanding balance mean?
An outstanding balance refers to the amount of money that is still owed on a loan, credit card, or other financial obligation. It represents the total remaining debt that has not yet been paid off, including any interest or fees that may have accrued. This balance needs to be settled to avoid further interest charges and potential penalties. Keeping track of your outstanding balance is important for effective financial management.
Debts owed by a business are called?
Debt held by businesses is called Business debt
Is a negative capital account balance considered to be a debt owed by members?
No,but owed by the company.(Or may be limited to the liability of members)
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
What is an amount of money owed?
An amount of money owed refers to a debt or obligation that one party has to pay another. This can arise from loans, credit purchases, or services rendered. It represents a liability on the debtor's balance sheet and must be settled either through payment or other agreed-upon means. In financial terms, it is often recorded as accounts payable or outstanding debt.
Will removing an authorized account that has a high balance raise the fico score of the authorized user?
It depends. Does the high balance put the consumer into a position of too much credit? Does this single high balance cause the consumer to have outstanding $100,000 in credit card debt? Or does the amount merely allow for the consumer to show that they can be responsible with making regular payments (with this account being the only debt owed.)
How can you find out who you originally owed if a debt collection company is now collecting?
After being contacted by a collection agency you have thirty days to request confirmation of the debt. Their response should include the balance owed and the place where the debt was originally incurred.
