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1 Answer. With medical bills, often you don't owe anything for a visit until after the insurance company pays whatever they are going to pay, and then you owe whatever is left. So the "balance due" is the amount that is due now. It may not be the same as the current balance if you have other charges that are not yet due.What is another word for "balance due"?
Synonyms for balance due include account payable, bill, debt, invoice, liability, outstanding account, tab, unpaid bill, receivable and account receivable. Find more similar words at wordhippo.com!What is the definition of balance due?
balance due. n. the amount of a debt still owed on an account or the principal owed on a promissory note. In the case of a promissory note, the balance due is not the sum of installments due, since these include amortized interest, but may be the principal due without further interest. See: arrears, bill, invoice, nonpayment.