Loan balance

The amount of money remaining to be paidThis is the amount of tax posted as paid for the year in question, either in installment payments or on an amortizing loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without at a given time.

Loan Balance

The amount owed, including principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of and interestThis is the amount that is imposed when payment is remitted after the due date..