An overdue invoice is a financial instrument that documents the terms and conditions of the delivery of securities from a seller to a buyer. It may be attached to a dividend payment and serves as official notice to forward the payment to the new owner. Its content varies depending on the circumstances of the purchase […]
Backpayments have various meanings in the financial industry and should not be confused with chargebacks. They can refer to unpaid debits, overdue charges, corrective fees, and even consumer-initiated charges. Outstanding charges can affect credit standing and must be paid before closing an account. The financial industry uses the term “backpayments” in many different ways. It […]
