The principal balance due within or at 12 months from the statement date for all funds received through a loan or other contractual debt agreement. This includes loans, lines of credit and overdraft facilities with outstanding balances, as well as the portion of long-term obligations payable within 12 months via a bank account with a set limit agreed between the lender and the borrower. An overdraft allows a borrower to access money after their bank account has reached zero. Overdrafts are repayable on demand by the lender. Interest is usually paid on the amount of money that is borrowed until it is repaid and rates are usually higher than for standard Money which has to be returned to the lender usually with interest. Loans vary in size and in repayment terms.