Section 37C | Settlement sum: unpaid amount ^F1

(1)In the case of a settlement sum, the unpaid amount on any day means the amount outstanding immediately before that day in respect of—

(a)the settlement sum, and

(b)interest (if any) calculated in accordance with the settlement (within the meaning of section 19A).

(2)Subject to section 37D(2) and (3), an amount in respect of a settlement sum is not to be regarded as outstanding if the settlement sum is not recoverable under section 19A(3).