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.

---

词条贡献者

译者Clara，毕业于国内知名法学院，擅长翻译各种与衍生工具相关的法律文件。