overdue bill

overdue bill
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Burton's Legal Thesaurus. . 2006


overdue bill
a bill of exchange still in circulation beyond the date specified for payment for an unreasonable length of time. Where an overdue bill is sought to be negotiated, such negotiation can only be effected subject to any defect in title affecting the bill at its maturity; after that no person who acquires it can acquire or give a better title than that which the transferor had.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

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  • overdue — o‧ver‧due [ˌəʊvəˈdjuː◂ ǁ ˌoʊvərˈduː◂] adjective ACCOUNTING a payment that is overdue should have been made earlier: • The payment is two weeks overdue. • Interest on overdue taxes will stay at 11%. * * * overdue UK US /ˌəʊvəˈdjuː/ US … …   Financial and business terms

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  • overdue — Past due. Having run beyond maturity. Sometimes the term overdue is used in reference to a right of action against a drawer or indorser of a bill of exchange. In that connection a bill is not overdue until presented to the payee for payment, and… …   Ballentine's law dictionary

  • overdue — o|ver|due [ˌəuvəˈdju: US ˌouvərˈdu:] adj 1.) not done, paid, returned etc by the time expected ▪ an overdue gas bill ▪ The library books are overdue. ▪ The baby was a week overdue (=it was expected to be born a week ago) . 2.) something that is… …   Dictionary of contemporary English

  • overdue — overdueness, n. /oh veuhr dooh , dyooh /, adj. 1. past due, as a delayed train or a bill not paid by the assigned date; late: two overdue library books. 2. too long awaited; needed or expected for some time: Improvements in our highway system are …   Universalium

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  • overdue — o•ver•due [[t]ˌoʊ vərˈdu, ˈdyu[/t]] adj. 1) cvb past due, as a delayed train or a bill not paid by the assigned date; late 2) too long awaited 3) more than sufficiently advanced or ready …   From formal English to slang

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