payment date
Corporations. The date on which stock dividends or interest checks are paid to shareholders.
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date of last payment
date of last payment 保险费最迟支付日期 指在家庭服务类保险中，一般均有最迟支付保险费日期的规定，即保险费应在规定的最后日期之前缴纳。但该最后支付日期并不一定就是保险费的实际交付日期。
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onset date
onset date. The beginning of a period of disability for purposes of disability payments by the Social Security Administration.
prepayment clause
prepayment clause. A loan-document provision that permits a borrower to satisfy a debt before its due date, usu. without paying a penalty. [Cases: Bills and Notes 129, 429. C.J.S. Bills and Notes; Letters of Credit §§ 86–89, 91–100, 234–236, 238.]
liquidate
liquidate, vb. 1. To settle (an obligation) by payment or other adjustment; to extinguish (a debt). 2. To ascertain the precise amount of (debt, damages, etc.) by litigation or agreement. 3. To determine the liabilities and distribute the assets of (an entity), esp. in bankruptcy or dissolution. 4. To convert (a nonliquid asset) into cash.
payment in due course
payment in due course. A payment to the holder of a negotiable instrument at or after its maturity date, made by the payor in good faith and without notice of any defect in the holder’s title. See HOLDER IN DUE COURSE.
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liquidated damages clause
liquidated-damages clause. A contractual provision that determines in advance the measure of damages if a party breaches the agreement. • Traditionally, courts have upheld such a clause unless the agreed-on sum is deemed a penalty for one of the following reasons: (1) the sum grossly exceeds the probable damages on breach, (2) the same sum
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presentment for payment
Production of an instrument to the drawee, acceptor, or maker for payment. • This type of presentment must be made on the date when the instrument is due. [Cases: Bills and Notes 399. C.J.S. Bills and Notes; Letters of Credit § 205.]
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maintenance fee
maintenance fee. 1. A periodic payment required to maintain a privilege, such as a license. 2. A charge for keeping an improvement in working condition or a residential property in habitable condition. — Also termed maintenance assessment. 3. A fee charged for reinvesting earnings and dividends in mutual funds. 4. Patents. The periodic charge that