👉 In accounting and finance, "unbilled" refers to a situation in which an entity has not yet paid its debts or obligations. This term is often used to describe situations where an entity has not received payment from its creditors or suppliers for goods or services provided. For example, if a company is unable to pay its supplier's invoice due to the company being under financial pressure and unable to meet its expenses, it may be considered "unbilled" as of the date that the invoice was
