Define: Past Due Amount

The meaning of “Past Due Amount” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

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: The Genie AI Legal Assistant 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.

Search EDGAR for 'Definitions of past due amount' yourself to verify these results. We are always keen to point people to source documents.

Which definition should you use?

🤔 Our AI Legal Assistant 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

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Past Due Amount" in your document? 

🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'Past Due Amount'?

Past Due Amount means the unpaid minimum payment of the prior balance due after the specified date

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