Principal Amount:

The original amount owed before any interest, fees, or additional charges are added.

Interest Accrued:

The total amount of interest that has accumulated over time since the initial balance or since the last payment.

Fees and Charges:

Any additional costs added to the account, such as late fees, administrative fees, or collection charges.

Payoff Amount:

The total amount required to settle the debt in full at a given point in time, which may include principal, interest, and all applicable fees.

Overdue/Past Due Amount:

The portion of the balance that remains unpaid after the due date, often used by lenders and collection agencies to track delinquent amounts.

Accrued Penalties or Default Interest:

Additional charges or increased interest rates that apply when the borrower fails to make timely payments.

Example Statement Line Items: