Definition Of A Unpaid Balance

Unpaid principal balance is that portion of a loan that has not yet been paid back to the lender by the borrower this balance represents the remaining risk of nonpayment being incurred by the lender.

Definition of a unpaid balance. What is unpaid balances. If you file your return on time but fail to pay you ll owe a failure to pay penalty of just 0 5 of the unpaid tax for each part of a month you re late up to 25 of the unpaid balance this is obviously a significantly smaller potential penalty so you re far better off simply filing paying what you can and figuring out the rest later. Remaining cash advance trade credit or loan balance that remains due and payable. At the level of the accounting the balance is called the difference between income the credit and expenses the debe.

Definition of unpaid balances in the financial dictionary by free online english dictionary and encyclopedia. A typical loan payment is comprised of both an interest charge and the return of some principal so the unpaid principal balance cannot be calculated simply by subtracting all loan payments to. This term applies to loans lines of credit cash advances and other forms of debt. The minister may negotiate the terms and conditions of a loan subject to the requirement that.

Insolute meanwhile is a term that comes from the latin insolūtus and which refers to what has not yet been paid. Balance is a concept that can be used to name the conclusion obtained from an analysis or the result of an account or a calculation. A sum liquidate to convert property into cash. Account balance in accounting this refers to the balance or the amount within an account on a balance the amount remaining due from one person to another on a settlement of the accounts arrearage money remaining unpaid after it becomes due as rent unpaid interest remaining due.

Unpaid principal balance means at any time i for each loan an amount equal to the then aggregate outstanding principal balance of the loan and ii for each loan with respect to which some or all of the related collateral has been converted to acquired collateral until such time as the acquired collateral or portion thereof is liquidated an amount equal to the unpaid principal balance. An amount that has been borrowed but not repaid. Unpaid definition is not paid.