A/R Finance & Factoring Terms GLossary

What isPast Due Invoice

A past due invoice is where your customer has not paid your invoice according to the agreed upon credit terms. For example, if your selling terms are net 30 and on the 31st day, your customer has still not paid this is a past due invoice. There are many ways for you to take action or mitigate credit risk.

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OTHER TERMS BEGINNING WITH "P"

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