Definition

The total amount you owe at the time of the statement. It includes all recent charges, payments, and adjustments.

What to consider

  • Keep receipts or confirmation emails.
  • Verify that the payment amount is correct.
  • Contact support if the payment isn’t reflected in your account.

Real world scenarios

  • A payment received confirmation appeared on Mark’s online portal after he submitted his check.
  • Linda saw a “payment received” notification via email from her billing department.
  • After her credit card payment, Sarah’s account showed that the payment had been received.

Related terms

Healthcare