Examlex
Which of the following is correct with regard to the various media?
Outstanding Balance
Outstanding balance refers to the amount of money that is still owed on a loan or credit account at any given time.
Invoice
A document issued by a seller to a buyer that lists goods or services provided and the due payment.
Payment
The act of giving money or other compensation to settle a transaction.
Terms
Conditions and stipulations that define an agreement or contract.
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