Unpaid

Meaning :

Unpaid means money that is due but has not been paid yet. It refers to bills,  fees, loans, or purchases that are still pending.

Example : 

For instance, if your ₹800 internet bill is still unpaid after the due date, it  means you haven't paid it yet.

How to Understand : 

Think of “unpaid” as a reminder that you still owe money.

It stays unpaid until you pay the amount due.

Unpaid amounts can lead to:

•Penalties (extra charges)

•Late fees (charges for paying late)

•Service interruptions (losing service if you don’t pay)

Importance :

It helps you keep track of your pending financial responsibilities.

It prevents you from getting late fees and penalties.

Paying on time helps maintain a good credit score.

It is important in personal budgeting and business accounting.