drop dead date
A provision in a contract or a court order that sets the last date that an event can take place (such as payment), or otherwise certain consequences will automatically follow, such as cancelling a contract, taking property, or entering a judgment.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

drop dead date
USA
A specified date by which a transaction agreement will automatically terminate if the transaction is not closed.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

drop dead date
n.
   a provision in a contract or a court order which sets the last date an event must take place (such as payment) or otherwise certain consequences will automatically follow, such as cancelling the contract, taking property or entering a judgment.

Law dictionary. . 2013.

Look at other dictionaries:

  • drop-dead date — ➔ date1 * * * drop dead date UK US noun [C] US INFORMAL ► the date by which something important must be done: »Democrats have indicated that they see June 1 as a drop dead date for finishing the bill …   Financial and business terms

  • drop dead date — n [C usually singular] AmE informal a date by which you must have completed something, because after this date it is no longer worth doing →↑deadline …   Dictionary of contemporary English

  • Drop dead date — In trade and contract law, a drop dead date is a provision added to a legal or trade act, such as a contract or a court order. Such a provision sets a last delay date (hence the name drop dead date) past which certain consequences will… …   Wikipedia

  • Drop Dead Date — A provision in a contract or agreement that stipulates a finite deadline which, if not met, will automatically trigger adverse consequences. The drop dead date is the last possible date on which something must be completed. In most circumstances… …   Investment dictionary

  • drop-dead date — noun, pl ⋯ dates [count] US : a date by which something must be done or finished : a deadline that must be met They were given a drop dead date of June 30 to accept or reject the contract …   Useful english dictionary

  • drop-dead date — a time by which something must be done. Glickman said the drop dead date is December 31 after that, no funds will be available …   New idioms dictionary

  • drop dead date —    A provision in a contract or a court order that sets the last date an event (e.g., a payment) must take place before certain consequences automatically follow, such as voiding of the contract, foreclosure, or entering of a court judgment …   Business law dictionary

  • Drop dead — can refer to: Dropdead, a hardcore punk band of Rhode Island Drop Dead, a 1984 LP by the hardcore punk band Siege Drop Dead Clothing, a clothing brand owned by Bring Me the Horizon lead singer Oliver Sykes Drop Dead , song by the band Electro… …   Wikipedia

  • drop-dead — drop′ dead′ adj. 1) cvb inspiring awe, astonishment, or envy: drop dead elegance; a drop dead beauty[/ex] 2) cvb being the most extreme limit or possibility: What s the drop dead date for handing in term papers? That is our drop dead offer[/ex] • …   From formal English to slang

  • drop-dead — /drop ded /, adj. 1. inspiring awe, astonishment, or envy: a drop dead guest list; a drop dead sable coat. 2. being the most extreme limit or possibility: What s the drop dead date for handing in term papers? That is our drop dead offer. [1965… …   Universalium

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