constructive payment

A payment made by the payor but not yet credited by the payee.

• For example, a rent check mailed on the first of the month is a constructive payment even though the landlord does not deposit the check until ten days later.


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双语律师Shifang,知名法学院法律专业,擅长翻译各类与企业改组和重组相关的法律文件。
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