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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词条贡献者

译者晓琳，法学硕士（国际争议解决方向），擅长翻译各种与复杂跨境争议相关的法律文件。