Unpaid Balance
Unpaid Balance. Shall mean the amount of accrued and outstanding, but unpaid Principal and such amount of interest as shall have accrued thereon as provided in Section 1 of this Note through and including any date fixed for payment, whether in whole or in part, under this Note.
Unpaid Balance. For interest bearing Loans, the principal amount due. For precomputed Loans, the gross balance due less any interest rebate that would be applied to reduce the gross balance if the Loan were prepaid in full. In no event shall the Unpaid Balance include any accrued but unpaid late fees or creditor-placed insurance covering the Mortgaged Property or other collateral.
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TFC ENTERPRISES INC contract