midnight deadline

midnight deadline. A time limit for doing something, ending at midnight on a particular day. • For a bank, the midnight deadline is midnight on the next banking day following the day on which the bank receives the relevant item or from which the time for taking action begins to run, whichever is later. UCC § 4-104(a)(10). [Cases: Banks and Banking 140(3), 175(5). C.J.S. Banks and Banking §§ 357, 359, 361, 371–379, 401, 413, 422, 431.]

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词条贡献者

法律翻译大智，毕业于世界顶级翻译学院，专注翻译各类与税务、财富规划服务和高管薪酬有关的法律文件。