Statement Balance Sample Clauses

Statement Balance. The total account balance at the end of each billing period. Total Due – All charges on the billing statement that are due and which must be paid by the due date to avoid interest charges. Past Due – The total of unpaid amounts that are due, including fees, charges, interest and penalties. Amounts are considered past due when not paid by the due date. The past due balance does not include any new charges added to an account since the last billing or charges assigned future due dates. Delinquent Account – Any account in which the required payments have not been received and credited.
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Statement Balance. Each Member’s account must have a zero balance before the Average Payment Plan will begin.
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Related to Statement Balance

  • Liability for current balance Without prejudice to clause 6.5, you are liable to pay the current balance shown on a statement of account to be outstanding as at the date of that statement of account. You may, however, pay less than the specified current balance but you must pay at least the minimum payment (calculated according to clause 6.3), which we must receive on or before the payment due date.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.