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Legal Definitions - due, owing, and unpaid
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Definition of due, owing, and unpaid
Definition: When something is due, owing, or unpaid, it means that there is an obligation to pay a debt or claim of right that has not been fulfilled yet. This term is often used in legal documents and is similar to the term "due."
Example: John owes $500 to his landlord for rent that was due on the first of the month. The rent is now considered owing and unpaid.
Explanation: In this example, John has an obligation to pay his rent, but he has not paid it yet. Therefore, the rent is considered owing and unpaid.
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Simple Definition
Due, owing, and unpaid means that someone still owes money or has an obligation to pay for something. This is often used in legal documents and is the same as saying something is "due."
Ethics is knowing the difference between what you have a right to do and what is right to do.
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