Ógreidd

Ógreidd is an Icelandic word that translates to "unpaid" or "outstanding" in English. It is commonly used in financial contexts to refer to debts, invoices, or bills that have not yet been settled. For example, a company might have a list of ógreidd invoices from its suppliers, or an individual might have ógreidd expenses that need to be paid. The term implies a financial obligation that is due but has not been met.

The concept of ógreidd is central to accounting and business management, as tracking and managing unpaid amounts is crucial for maintaining healthy cash flow and financial stability. Businesses often have specific procedures for handling ógreidd items, including sending reminders, applying late fees, or initiating collection processes. In a personal finance context, ógreidd bills can lead to penalties, interest charges, or damage to one's credit rating. The opposite of ógreidd would be "greidd," meaning paid.