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Due

A New Law Dictionary and Glossary · Alexander M. Burrill · 1850

A New Law Dictionary and Glossary

[Lat. debitum, from debere, to owe.] That which one owes; that which one ought to pay, or do to, or for another.* Owed, or owing, as distinguished from ayable. A debt is often said to be due from a person, where he is the party owing it, or primarily bound to pay, whether the time for payment has, or has not arrived.

Story, J., 6 Peters' Rep. 29, 36.

Wharton's Lex.

See Debitum.

Payable.

A bill or note is commonly said to be due when the time for payment of it has arrived. Story, J., vh. sup,