FAQ: What is meant by “due and payable”?

For an amount to become due and payable, the amount must not only be owing, but due to be paid. The right to claim payment of interest will be dependent on the contract that has been drawn up between the parties.

Last Updated:

Share this page on:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print