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

译员Joanne，亚洲顶尖法学院国际贸易专业，专注翻译各种与复杂国际贸易有关的法律文件。