Payment Date
/ˈpeɪmənt deɪt/
Definitions
- (n.) The specified date on which a payment is due under a contract or legal obligation.
The payment date for the invoice is set for the 15th of each month.
Forms
- payment dates
Related terms
See also
Commentary
The payment date is critical in contracts to determine rights and obligations related to timely payment; precise specification prevents disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.