• Business
  • Crypto
  • Investing
  • Lifestyle
  • Money
  • Glossary
    • A
    • B
    • C
    • D
    • E
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Finance Reference
Quotes by TradingView
  • Business
    • Struggling With Your Business’ Money Management? These 8 Tips Can Save the Day!
      Do You Have Good Working Relationship? Here’s What To Know
      Most Relevant UX Practices Implemented in Online Businesses in New York
      You Need These 4 Types of Insurance to Protect Your Business
      Using Reviews to Help Your Business Stand Out
  • Crypto
    • Finest crypto trading bot
      Making a Living off Cryptocurrency: Is it Possible?
      Two Reasons Why the Use of Bitcoin is Becoming Popular within Online Casinos
      Games Canadians Can Find at BTC Betting Sites
      A future Bitcoin City?
  • Investing
    • How To Choose The Top Financial Services Company
      Signs of a Reputable Extended Car Warranty
      How Lithium Stocks Could Power Up Your Investment Portfolio
      5 Reasons Lab-Grown Diamonds Are Perfect For Engagement Rings
      Is It Possible to Make Risk-Free Profits With Betting?
  • Lifestyle
    • 4 Tips To Help You Prepare For An Outdoor Barbecue
      Implement Entertainment: Kodi Setup/Install On Jailbroken Fire Device
      Pros of Strategic Thinking and How to Develop It
      Recreational Loan Types and Their Benefits
      7 Things That Will Help You Cope After a Car Accident
  • Money
    • What are Emergency Loans and When Is the Right Time To Get One
      What are Emergency Loans and When Is the Right Time To Get One
      First-Time Home Buying: Is There Really a Financially Best Time to Buy?
      How to Find the Best Car Insurance for a Multi-Car Household
      5 Effective Ways To Reduce HOA Management Costs
  • Glossary
    • Day vs GTD
      Day Vs GTD – What
      risk vs. reward
      How to Calculate the Risk Vs Reward Ratio
      principle vs agent
      Principle vs Agent 
      assurance and insurance
      What’s the Difference Between Assurance and Insurance?
      Primary Vs Contingent Beneficiary
      Wills – Primary Vs Contingent Beneficiary
      AllABCDE
  • Glossary
  • P

Past Due

By
rjonesx
-

What does ‘Past Due’ mean

Past due is a loan payment that has not been made as of its due date. A borrower who is past due may be subject to late fees, unless the borrower is still within a grace period. Failure to repay a loan on time could have negative implications for the borrower’s credit status or cause the loan terms to be permanently adjusted.

Explaining ‘Past Due’

If a loan payment is due by the 10th of the month and is not paid by the 11th, the payment will be considered past due. Depending on the policy of the lender, the borrower will either immediately be charged a late fee or will enter a grace period. If, for example, there is a grace period of 10 days, the borrower would not be charged a late fee until the 21st of the month. If the payment is still not made by the end of the grace period, late fees will then be applied.

How a customer is treated on a past-due payment will often come down to their payment history; if there is a pattern of late payments, the grace period may be shortened or removed.

Further Reading

  • Wavelets in economics and finance: Past and future – www.degruyter.com [PDF]
  • China's financial system: past, present, and future – papers.ssrn.com [PDF]
  • Loan loss provisioning rules, procyclicality, and financial volatility – www.sciencedirect.com [PDF]
  • Urban infrastructure financing and economic performance in China – www.tandfonline.com [PDF]
  • The affordable care act Medicaid expansions and personal finance – journals.sagepub.com [PDF]
  • Trends in park tourism: Economics, finance and management – www.tandfonline.com [PDF]
  • Understanding China's growth: Past, present, and future – www.aeaweb.org [PDF]
Previous articlePassive Management
Next articleCalled Away
rjonesx

RELATED ARTICLESMORE FROM AUTHOR

Day vs GTD

Day Vs GTD – What

risk vs. reward

How to Calculate the Risk Vs Reward Ratio

principle vs agent

Principle vs Agent 

EDITOR PICKS

Obsolete Inventory

Should I invest in additional life coverage?

SPX vs SPY: Which is Better for Trading Options on the S&P 500?

FAAMG Stocks

Joint Supply

Earnings Before Tax (EBT Formula)

Latest

Day Vs GTD – What

How to Calculate the Risk Vs Reward Ratio

Principle vs Agent 

What’s the Difference Between Assurance and Insurance?

Wills – Primary Vs Contingent Beneficiary

Understanding the Difference Between deflation and Inflation in Commodities and Shares

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • About
  • Accessibility
  • Privacy
  • Sitemap