due date
Definition
Date on which a bill of exchange (check, draft, letter of credit, etc.) is payable. No grace period may be allowed on a sight draft (due on presentation) but is allowed for a term draft (due on or before a certain date). Also called law date or maturity date.
due date is in the Accounting & Auditing, Banking, Commerce & Finance and International Trade & Relations subjects.
due date appears in the definitions of the following terms:
backwards scheduling,
days of grace,
acceptance of service,
demand note,
aging schedule,
technical default,
law day,
silent confirmation,
buy-in,
interest in arrears
and
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