PAST DUE Meaning and
Definition
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Past due is an adjective used to describe an account or payment that has not been settled by the expected due date or deadline. It refers to a situation where a payment, an obligation, or a bill remains unpaid beyond the agreed-upon or required time frame. When an account is past due, it indicates that the specified payment has not been made within the scheduled period, creating an overdue status.
The term "past due" is commonly encountered in financial and business contexts, often relating to loans, credit card bills, invoices, rent, or utility bills. It serves as a reminder or warning to individuals, businesses, or organizations that a payment or obligation is overdue and needs prompt attention. Additionally, being past due can lead to various consequences, such as late fees, collections calls, negative impacts on credit scores, or legal action.
To rectify a past due situation, it is necessary to settle the unpaid amount or adhere to any agreed-upon terms. Paying the outstanding balance or making arrangements with the creditor or service provider can help avoid further repercussions and restore a positive account status. Promptly addressing past due accounts demonstrates responsibility and financial discipline.
In summary, "past due" is a term used to describe an unpaid account or payment that has gone beyond the due date, signifying an overdue debt or obligation.
Common Misspellings for PAST DUE
- pastdue
- pastde
- oast due
- last due
- -ast due
- 0ast due
- pzst due
- psst due
- pwst due
- pqst due
- paat due
- pazt due
- paxt due
- padt due
- paet due
- pawt due
- pasr due
- pasf due
- pasg due
- pasy due
Etymology of PAST DUE
The term "past due" originated in the late 18th century and is derived from two separate words.
The word "past" comes from the Middle English word "pasten", which means "to go by, go beyond". It evolved from the Old English word "past", meaning "beyond, after". This word ultimately traces back to the Latin word "pāstus", meaning "past, beyond".
The word "due" comes from the Middle English word "due", which means "owed, proper, fitting". It derives from the Old French word "deu", meaning "due, owed", and from the Latin word "dūtus", meaning "owed" or "owing".
When these two words are combined, "past due" refers to something that is owed or overdue beyond its expected or scheduled time. It is commonly used to describe a payment that has not been made by its deadline.
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