(redirected from Negative Unliquidated Obligation)
NULONegative Unliquidated Obligation (overbilled)
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Otherwise, the payment will create a negative unliquidated obligation, commonly referred to as a NULO.
Quantity and dollar amount of negative unliquidated obligations
Negative unliquidated obligations are related to unmatched disbursements, and occur when a payment is made in excess of the obligation amount recorded in the official accounting record.
unmatched disbursements, negative unliquidated obligations, and unreconciled differences between the U.S.
Treasury records, in unmatched disbursements, in negative unliquidated obligations, and in problems with in-transit disbursements (the "Fund Balance with Treasury" account)