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When Dan sees three objects, sometimes he counts them as "1, 2, 5" and other times as "2, 1, 5." Dan
Outstanding Balance
The amount of money owed that remains in a borrower's account, excluding interest and fees, that has not yet been paid.
Invoice
A document issued by a seller to a buyer, indicating items sold, prices, date of shipment, delivery and payment terms.
Payment
The act of giving money in exchange for goods or services.
EOM
End of Month, a term often used in the context of finance and accounting to denote processes or evaluations performed at the close of the month.
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