Overdue

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Related to Past-Due: clawback, Triggering Event

Overdue

Describing any liability that should have been paid but that for some reason has not. For example, if the electric bill is due on the 15th and one still has not paid it on the 18th, the electric bill is overdue. Persistently allowing liabilities to become overdue may result in late fees and reduced creditworthiness.
References in periodicals archive ?
As a result, processing costs nave Deeri cut, DSO has been reduced by 15 days, and past-due AR has been significantly pared.
We will only disconnect service when every reasonable effort to establish a payment plan or otherwise receive payment of past-due balance has failed.
CAN I DELAY FILING AND PAYING PAST-DUE TAXES UNTIL THE AMNESTY PERIOD BEGINS?
We also ask arrears clients for a series of postdated checks (for any amounts) for as much as a year in advance, so the past-due balances can be settled gradually.
1993), a Federal District Court recently rejected a refund suit by Emily Oatman filed when the IRS had intercepted the refund from the Oatmans' jointly filed 1990 tax return and applied it to past-due child support for her husband's children from a previous marriage.
The net charge-off and past-due rates for loans made by commercial finance subsidiaries are compared with net charge-off and past-due rates on commercial and industrial loans made by the bank subsidiaries of the same bank holding company.
banking industry's 2006 year-end reserve levels to prove inadequate for deteriorating credit risk profiles, the fourth-quarter rise in delinquencies included a troubling increase in the emerging 30- to 89-day past-due category.
It also said that past-due payments dropped to their lowest point of the year.
Our data has shown a clear pattern of rising past-due loans in the auto industry, where even a slight increase in delinquent loans severely affects the industry by accounting for hundreds of millions of dollars in unpaid debt.
Consider a case where a company's working capital is deteriorating due to an increase in past-due accounts receivable (A/R).
Capital requirements, proper accounting for past-due loans and vigilance against incestuous lending has resulted in increasingly reliable numbers from the countries' financial institutions.