Unpaid debt definition
Unpaid debt as used in this Chapter means the total of the amount financed, loan finance charges, default charges, and delinquency charges including the amount due at the time of default plus all interest which may accrue from the time of default until the entire balance is paid.
Unpaid debt means any Debt that remains outstanding after the Closing (other than any amount included as a current liability in the calculation of Net Working Capital).
Examples of Unpaid debt in a sentence
Unpaid debt that goes through a collections agency can have an effect on credit score.