Due And Owing Legal Meaning and Definition

Here is a simplified definition of the legal term Due And Owing.

Due and Owing (adjective phrase)

Definition: A phrase commonly used in legal context to define a payment or obligation that is currently expected or required to be fulfilled. This may refer to money, services, or other forms of debt that have reached their deadline for completion or payment. If a party fails to fulfill an amount 'Due and Owing', they may face legal consequences.