Owing
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
Something unpaid
A debt, for example, is owing while it is unpaid, and whether it be due or not. In a business sense, in correspondence or contracts, a legal obligation is implied. In ordinary transactions between debtor and creditor it does not necessarily imply an enforceable obligation.
155 Mich. 567.