Past due balances definition

Past due balances means the sum of the due and unpaid assessments on a PACE
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Past due balances. I (we) understand that all past due tuition, fees and care program charges must be current for our child(ren) to attend classes. Any request for an exception must be made in writing to the Administrator. Any outstanding balance can be put on FACTS at the discretion of the school. For accounts in arrears exceeding the late payment policy guidelines, I(we) agree to pay 6% finance charges per month on outstanding balances as of June 30, 2023 and all costs of collection of delinquent payments, including, without limitation, reasonable collection agency fees, attorney’s fees and court costs. Re-enrollment is contingent upon full satisfaction of any unpaid balances owed to the school, unless an alterna- tive payment plan has been previously approved with written, signed agreement by the school and accepted by both parents.
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Past due balances. All statements are generated and sent out automatically to the last known address. If we are unable to reach a patient regarding an outstanding balance due to failure to report changes in address, phone number or email on file, the patient is still responsible for the amount owed. It is the responsibility of the patient to pay all outstanding balances accrued from missed copays, deductibles, co insurances, no shows or any other charges. Any past due balance or default from a payment arrangement may result in cancellation of appointments until payment is made in full. An account is considered past due if the balance has not been received within 30 days. An account is considered delinquent if the balance has not been received within 120 days. Once an account reaches delinquent status it will be forwarded to a collection agency. ALL staff is required to enforce all policies. Please be respectful of the staff members. Arguing, shouting, or aggressive behavior will not be tolerated.
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Examples of Past due balances in a sentence

  • Past due balances over 90 days and over a specified amount are reviewed individually for collectability.

  • Past due balances over 90 days and over a specified amount are reviewed individually for collectibility.

  • Past due balances will incur a $50.00 late fee and your team may be suspended until the balance is cleared up.

  • Past due balances are also turned over to a collection agency the term following that in which the charges are incurred.

  • Past due balances must be paid before LA HAP can assist with insurance premium payments.

  • Past due balances from prior semesters are turned over to the Arkansas Department of Finance and Administration for collection through the Debt Set Off program.

  • Past due balances shall be subject to an interest charge at a rate of 12% per year from said thirtieth day.

  • Past due balances of financing receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date.

  • Past due balances are charged against the allowance when they are determined to be uncollectible.

  • Past due balances on the amounts due to Enterprise pursuant to this Agreement will be subject to an interest charge of one and one-half percent (1-1/2%) per month or the maximum interest rate permitted by applicable law (whichever is less), computed from the due date of such payment.


More Definitions of Past due balances

Past due balances. I understand that any balance past due is subject to interest accrual of 10% monthly. I agree that if my account falls into collections, I am responsible to pay interest, penalties, collections and any legal fees derived from this action. A reasonable collections charge will be added to your balance should collections services be necessary to receive payment for your treatment. At that point, confidentiality regarding your name and involvement in therapy can be broken. To avoid this, please pay your bill at the time of service
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Related to Past due balances

  • Past Due means when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received from either Party after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available to Billing Party as of the Bill Due Date (individually and collectively means Past Due).

  • Scheduled Balances Not applicable.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Scheduled Payments has the meaning specified in the Note Policy.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Scheduled Balance Not applicable.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Past Due Rate means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law.

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Remaining Scheduled Payments means, with respect to the Called Principal of any Note, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Section 8.4 or Section 12.1.

  • Available Balance means, in relation to any Account, the aggregate of: (i) the balance in such Account in your favour of immediately available and freely transferable funds; and (ii) where we have granted you an overdraft facility or line of credit in respect of such Account, the limit of such overdraft facility or line of credit notified by us to you less the total amount payable by you to us with respect to such overdraft facility or line of credit.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-Off Date Principal Balances of the Mortgage Loans is as set forth in Section 11.03.

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

  • Accrual Balance means the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 as amended by Statement of Financial Accounting Standards Number 106 and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied.

  • Apportioned Principal Balance For any Class of Subordinated Certificates and any Distribution Date, an amount equal to the Class Certificate Balance of such Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such Distribution Date and the denominator of which is the sum of the Group Subordinate Amounts for such Distribution Date.

  • Available Amounts means, with respect to any Distribution Date, the sum of Available Interest and Available Principal for such Distribution Date.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Distributable Amount has the meaning set forth in Section 5.02(d) hereof.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Scheduled Principal Balance With respect to any Mortgage Loan: (a) as of the Cut-off Date, the outstanding principal balance of such Mortgage Loan as of such date, net of the principal portion of all unpaid Monthly Payments, if any, due on or before such date; (b) as of any Due Date subsequent to the Cut-off Date up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal portion of each Monthly Payment due on or before such Due Date but subsequent to the Cut-off Date, whether or not received, (ii) all Principal Prepayments received before such Due Date but after the Cut-off Date, (iii) the principal portion of all Liquidation Proceeds and Insurance Proceeds received before such Due Date but after the Cut-off Date, net of any portion thereof that represents principal due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) on a Due Date occurring on or before the date on which such proceeds were received and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation occurring before such Due Date, but only to the extent such Realized Loss represents a reduction in the portion of principal of such Mortgage Loan not yet due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) as of the date of such Deficient Valuation; and (c) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such Mortgage Loan, zero. With respect to any REO Property: (a) as of any Due Date subsequent to the date of its acquisition on behalf of the Trust Fund up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such REO Property, an amount (not less than zero) equal to the Scheduled Principal Balance of the related Mortgage Loan as of the Due Date in the calendar month in which such REO Property was acquired, minus the aggregate amount of REO Principal Amortization, if any, in respect of such REO Property for all previously ended calendar months; and (b) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such REO Property, zero.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.