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due and owing

   Also found in: Financial, Wikipedia 0.03 sec.

due and owing adj. (See: due).



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? Mentioned in ? References in periodicals archive
 
56 - for the month of December which is due and owing on Dec.
In determining if a particular property or right to property under a bequest was subject to levy for Federal taxes due and owing by a recipient beneficiary, state law establishes the nature of the beneficiary's property rights.
The landlord should make sure the letter of credit is as simple as possible, providing that the landlord may draw down funds solely on its statement that the funds are due and owing.
 
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