past due - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “past due”

past due

adjective
 
 
ACCOUNTING
past the date on which a payment should have been made: a past due bill/loan We are spending a lot of time collecting payments on past due loans. Severe cash flow problems meant we had several past due bills which we couldn't pay. Across the nation, 4.3% of all mortgages were 30 days past due.
(Definition of past due from the Cambridge Business English Dictionary © Cambridge University Press)
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