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Home > QFINANCE Dictionary > Definition of after date

Definition of

after date

Finance

after date stated on bill after the date specified on a bill of exchange. Wording on a bill will state when payment has to be made, for example, "60 days after date, we promise to pay..." means 60 days after the date of the bill.

Related definitions of "after date"

Recommended Further Reading (Term count)
  • Exporting Against Letters of Credit
    by Buddy Baker
    Letters of credit (LofCs) are a time-honored means of payment for international shipment of goods. Although the vast majority of letters of credit get paid when drawn upon, it is a mistake to think of them as guarantees. Rather, LofCs have specific rules governing how payment works. If sellers do not comply with these rules, they risk not being paid when shipping goods—which is precisely the risk that letters of credit are supposed to guard...

Definitions of ’after date’ and meaning of ’after date’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’after date’ and other financial terms with our online QFINANCE Financial Dictionary.

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