Question

Which of the following billing terms is defined as "Total amount due on this date to avoid late fees"?

A) Balance due.
B) Billing date.
C) Payment due date.
D) Previous balance.

Answer 1

The billing term defined as "Total amount due on this date to avoid late fees" is C) Payment due date.

Step-by-step explanation:

The payment due date represents the total amount that needs to be paid by a specific date to avoid incurring late fees or penalties. It serves as the deadline for settling the outstanding balance without incurring additional charges. Missing this date often results in late fees being added to the account, impacting one's credit score and potentially leading to additional financial repercussions. Understanding and adhering to the payment due date is crucial for maintaining a good financial standing and avoiding unnecessary extra expenses.

In summary, among the options provided, the correct term that defines the specified condition is the Payment due date (C).

This date is pivotal as it represents the deadline to settle the balance without facing penalties or late fees, making it essential to manage finances effectively and avoid unnecessary additional costs.