What term describes the total amount of money owed for services rendered?

The term that describes the total amount of money owed for services rendered is "Balance Due." This term specifically refers to the amount that a patient or client is required to pay after services have been provided, which can include various medical services, consultations, or procedures.

Using "Balance Due" clarifies the responsibility of the patient to settle their account with the healthcare provider. It typically reflects the outstanding charges after any payments, adjustments, or insurance reimbursements have been accounted for. This terminology is standard in billing practices and ensures that there is a clear understanding of what is owed at any given time.

Other terms listed may refer to related financial concepts but do not specifically capture the essence of the total amount owed. For instance, "Accounts Payable" pertains more to what a business owes to its creditors, while "Outstanding Amount" is a broader term that can refer to unpaid balances in various contexts. "Service Charges" generally refer to fees applied for specific services and do not encompass the total amount owed for services rendered.