What does "balance due owner" mean?

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  • RP
    Lv 7
    8 months ago

    It means the amount that must be paid to the owner of what is covered by the invoice, bill, or statement in order for the product or service to be fully paid.

  • JuanB
    Lv 7
    8 months ago

    It means what the store owes you in change after you paid.

    So if you owe $19.50 to buy a car and pay with a $20 bill.  The balance due back (new car owner) is 50 cents.

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