after date

after date
A familiar phrase in certain promissory notes employed in indicating the maturity of the instrument. An instrument payable a certain number of days, months, or years "after date" matures on the last day of the time specified. 11Am J2d B & N § 285. A note with time of payment specified only as " after date" is payable immediately or at any rate, within a reasonable time, in the absence of a contrary intent expressed in the instrument. Where a note payable "after date" was executed with a paper attached thereto stating that the payee has agreed that she will not attempt to collect the note until the maker's death, the note was held to become due on the date of death. 11Am J2d B & N § 285. See on demand after date.

Ballentine's law dictionary. . 1998.

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