Definition, Meaning & Synonyms
amount-owed
noun
/əˈmaʊnt oʊd/
Definition
The total sum of money that is due to be paid to a lender or creditor.
Examples
- The amount owed on my credit card is higher than I expected.
- Make sure to calculate the amount owed before the due date to avoid late fees.
- She requested a breakdown of the total amount owed on her student loans.
Meaning
In financial terms, ‘amount-owed’ refers to the balance that an individual, business, or entity has yet to pay on loans, credit accounts, or any financial obligations.
Synonyms
- debt
- liability
- balance due
- outstanding amount
- arrears
