Due and owing definition
Due and owing means an assessment which has become final and is owed to the Commonwealth due to either the expiration of the taxpayer's appeal rights pursuant to KRS 131.110 or, if an assessment has been appealed[ to the board of tax appeals], the issuance[rendition] of a final order by the board or by any court of this Commonwealth. For the purposes of KRS 131.410 to 131.445, assessments that have been appealed[ to the board of tax appeals] shall be final, due and owing fifteen (15) days after the last unappealed or unappealable order sustaining the assessment or any part thereof has become final.
Due and owing as used here means sums due the provider for which the provider has submitted bills or invoices to the HMO, or should have, and that are "overdue," i.e., they should have already been remitted by the HMO to the provider under the terms of the contract; in the event of due and owing capitation fees not based on actual services rendered to specific subscribers but on a number of members of the HMO selecting the provider, all of the sums to which the provider was entitled to have received as of the date of the filing of suit (filing of the prior suit).
Due and owing as used here means sums due the provider
Examples of Due and owing in a sentence
Due and owing at the time was the sum of $4,201.88 inclusive of interest.