overdue

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 payment refused. Sometimes the term is used in considering whether an indorser has been released by a failure of the holder to present the bill for payment, and to give the indorser notice of its dishonor within a reasonable time. The term is also applied to a bill which has come into the hands of an indorser, so long after its issue as to charge him with notice of its dishonor, and thus subject it in his hands to the defenses which the drawer had against it in the hands of the assignor. La Due v First Nat. Bank of Kasson, 31 Minn 33, 38. See maturity.

Ballentine's law dictionary. . 1998.

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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

  • overdue — o ver*due , a. Due and more than due; delayed beyond the proper time of arrival, payment, return, etc.; as, an overdue vessel; an overdue note; a book overdue at the library; an overdue payment. [1913 Webster +PJC] …   The Collaborative International Dictionary of English

  • overdue — I adjective behind time, belated, debitus, delayed, delinquent, due, in arrears, late, long delayed, more than due, not on time, outstanding, past due, past the time for payment, remiss, tardy, unpaid, untimely II index back (in …   Law dictionary

  • overdue — [ō΄vər do͞o′, ō΄vərdyo͞o′] adj. 1. past the time for payment 2. delayed in arrival or occurrence beyond the time set or anticipated 3. that should have come about sooner [overdue reforms] …   English World dictionary

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  • overdue — (adj.) past the due date, 1845 of bills, 1890 of library books, 1970 of menstrual periods, from OVER (Cf. over) + DUE (Cf. due) (adj.) …   Etymology dictionary

  • overdue — *tardy, behindhand, late Analogous words: delayed, retarded, detained, slowed, slackened (see DELAY vb): deferred, postponed (see DEFER) …   New Dictionary of Synonyms

  • overdue — [adj] late, behind schedule behindhand, behind time, belated, delinquent, due, held up*, hung up*, jammed*, long delayed, mature, not punctual, outstanding, owing, payable, tardy, unpaid, unpunctual, unsettled; concepts 334,548,799 Ant. early,… …   New thesaurus

  • overdue — ► ADJECTIVE ▪ not having arrived, happened, or been done at the expected or required time …   English terms dictionary

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  • overdue — o|ver|due [ ,ouvər du ] adjective if something is overdue, it should have been done before now: long overdue: This change in attitude is long overdue. overdue for: You re long overdue for a dental check up. a. a payment that is overdue should… …   Usage of the words and phrases in modern English

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