Define: Overdue Payment
Overdue Payment means all payments the servicer receives by or on behalf of a payer that were due in a prior period, including outstanding advances and servicing charges
Overdue Payment means all payments the servicer receives by or on behalf of a payer that were due in a prior period, including outstanding advances and servicing charges.
Relevant Circumstances
- When leasing property or equipment
- While offering credit or loan to clients
- Delivering long-term services with regular payments