overdue payment

USAGE SUMMARY

The phrase 'overdue payment' is correct and usable in written English.
You can use it to describe any payment that is either owed that has not been paid on time, or was due to be paid by a specific date and has not yet been made. For example: "I need to make an overdue payment on my credit card bill today."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

Others see a bigger military budget as an overdue payment.

The New York Times

He said his former employer had delayed sending him an overdue payment.

The New York Times

This allows automated cellphone calls that may not be especially welcome, like a "customer satisfaction" survey administered entirely by robo-software, or robo-messages about an overdue payment.

The New York Times

He's actually Alexander Pearce, a man wanted by the police for an overdue payment of hundreds of millions of pounds in taxes.

The Guardian - Film

On Thursday, Lehman Brothers and Le Meridien each gave the Royal Bank of Scotland £2 million ($3.3 million) toward the overdue payment.

The New York Times

Now they don't even pretend to know the price of milk, never mind the financial knife-edge that many live on, where the lateness of one overdue payment can drive people into despair.

The Guardian - Opinion

Human-verified similar examples from authoritative sources

Similar Expressions

49 human-written examples

With 22 million businesses of that size, the overdue payments add up to a strain of $33 billion in cash flow.

The New York Times

In return, he promised the contractors more business or help in collecting overdue payments, the indictment said.

The New York Times

Another company that has engaged with the Egyptian government on overdue payments is Dana Gas, which has no affiliation to Dana Petroleum.

The New York Times

We're owed 120,000 bolívares [about $56,000 at the official exchange rate] in overdue payments, and we're down to 12,000 bolívares in the bank".

The Economist

Forced to offload players and facing exclusion from the Champions League next season for overdue payments, Málaga and its remarkable coach, Manuel Pellegrini, soldier on regardless.

The New York Times - Sports

Expert writing Tips

Best practice

When discussing "overdue payments", always specify the date when the payment was originally due to avoid ambiguity and ensure clarity in communication.

Common error

Avoid using "outstanding payment" when you specifically mean a payment that is late. "Outstanding payment" refers to the total amount still owed, which may include current and future payments, not just the "overdue" ones.

Linguistic Context

The phrase "overdue payment" functions as a noun phrase, typically serving as the subject or object of a sentence. It describes a specific instance of a payment that has not been made by its due date. As Ludwig AI confirms, the phrase is grammatically correct and widely used.

Expression frequency: Uncommon

Frequent in

News & Media

35%

Formal & Business

33%

Science

10%

Less common in

Wiki

8%

Encyclopedias

7%

Reference

7%

Ludwig's WRAP-UP

In summary, "overdue payment" is a grammatically sound and widely understood term that denotes a payment past its due date. While Ludwig indicates the phrase is correct and usable in diverse contexts, it's most frequently encountered in news, business, and financial settings. When using the term, remember to be specific about dates and amounts. Consider related phrases like "outstanding balance" or "late remittance" for nuanced communication. By understanding its grammatical function, communicative purpose, and common usage patterns, you can effectively and appropriately use "overdue payment" in your writing and conversations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

missed payment

Simply indicates that a payment was not made when it should have been.

past-due amount

Emphasizes that the amount is beyond the agreed payment deadline.

outstanding balance

Refers to the remaining amount owed that is past its due date.

delinquent account

Describes an account with a payment that is overdue.

payment in arrears

A formal way of indicating that a payment is late.

late remittance

Indicates a payment that has been sent later than the scheduled date.

defaulted payment

Suggests a failure to pay as agreed, potentially leading to further action.

unpaid invoice

Highlights an invoice for which payment has not been received.

delayed disbursement

Implies a delay in the release or sending of funds.

outstanding debt

Focuses on the debt itself rather than the specific payment.

FAQs

What's the difference between "overdue payment" and "late payment"?

While both terms refer to payments not made on time, "overdue payment" often implies a more formal or urgent context, whereas "late payment" is a more general term. They are largely interchangeable, but the connotation can vary.

What are common consequences of an "overdue payment"?

Consequences can include late fees, interest charges, a negative impact on your credit score, and potential legal action from the creditor.

How can I avoid having an "overdue payment"?

Set up payment reminders, automate payments whenever possible, and carefully track due dates to ensure timely payment of your bills.

What should I do if I have an "overdue payment"?

Contact the creditor immediately to explain the situation and explore possible payment arrangements or hardship programs. Ignoring the "missed payment" will only worsen the situation.