|
After Date
A term used on a draft, bill of exchange, or note to indicate its maturity date. If an exporter draws a draft and stipulates "60 days after date," the draft is due 60 days after the date on which it was drawn. Therefore, the date of maturity is fixed and is not dependent on the date of acceptance by the drawee.
See related terms:
|
After Date 
Email This Page
Printer Friendly Version
