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 ?
Cook County, Minnesota, can boast the nations lowest prevalence of past-due debt, at just 6 percent.
6402(c), under which the Service can reduce any Federal tax refund by the amount of past-due child support owed by a taxpayer.
The trends of rising delinquencies and deteriorating asset quality in all asset-quality indicators, including OREO, charge-offs, 90+ past dues and non-accruals, and the 30- to 89-day past-due increases, lends further credence to the troubling aspect of the reserve levels being the lowest since 1985.
For customers, segmentation may be based on criteria including, profitability, sales, A/R size, past-due debt, average order size and frequency.
The credit area's duties normally include credit approval and past-due A/R management.
Under the plan, the Newhall district will see its past-due fees reduced by $39,000, Saugus by $73,000 and Sulphur Springs by $65,300.
What Hahn described, in addressing the past-due payment issue, is overdue money owed to the city of Los Angeles.
This eliminates the "due date" criterion from the definition but does not change the 60-day collection deadline for due or past-due status.
A significantly better or worse than average collection effort for current items will mean that smaller or larger than] average amounts of money will move into the past-due columns.
also told its collection agency to stop trying to collect Suzanne Gordon's past-due bill and return the case to the utility, said spokesman Gary Donnelly.
Ataxpayer's refund can be used to pay all or part of his or her spouse's past-due income taxes, other federal debts or arrears for child or spousal support payments.