How is Past Due Amount defined in a legal contract?
- Past Due Amount means the minimum payment of the previous balance which was due for payment during the prior billing cycle and is unpaid and still due. Seen in 26 SEC filings
- Past Due Amount means the total debt that remains unpaid on an account after the specified due date on the statement. Seen in 14 SEC filings
- Past Due Amount means the minimum payment of the previous balance which was due for payment during the prior billing cycle and is unpaid and still due. Seen in 6 SEC filings
- Past Due Amount means any current charges or portion thereof for any municipal utility which remain unpaid past the due date of the bill on which such current charges first appear. Seen in 3 SEC filings
- Past Due Amount means total outstanding balance due for payment carried over from the previous billing cycle which may consist of retail purchase, cash advance, other charges and/or fees. Seen in 5 SEC filings
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
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Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Past Due Amount means the unpaid minimum payment of the prior balance due after the specified date.
Relevant Contract Types
Relevant Circumstances
- Non-payment or delayed payment of debts
- Instalment payment agreements
- Service contracts where periodic payments are agreed upon
Relevant Sectors
Genie Definition 2
- Past Due Amount means total unpaid charges after their specified due date.
Relevant Contract Types
Relevant Circumstances
- Non-payment or delayed payment of utility bills
- Subscription-based services with recurring payments
- Tenancy agreements or leases with periodic payments
Relevant Sectors
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Past Due Amount means the unpaid minimum payment of the prior balance due after the specified date
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