- Published on
KembaraXtra- Financial Terms- after date refers to wording used in a bill of exchange indicating that the payment period begins from the date written on the bill itself.
For example, a bill stating “30 days after date” means payment is due thirty days after the bill’s stated date.
This wording helps determine the maturity date and payment schedule associated with the bill of exchange.
After date terms are commonly used in trade finance and commercial transactions involving deferred payment arrangements.
The concept differs from “after sight,” where the payment period begins only after the bill is presented and accepted by the drawee.
For example, a bill stating “30 days after date” means payment is due thirty days after the bill’s stated date.
This wording helps determine the maturity date and payment schedule associated with the bill of exchange.
After date terms are commonly used in trade finance and commercial transactions involving deferred payment arrangements.
The concept differs from “after sight,” where the payment period begins only after the bill is presented and accepted by the drawee.
0 Comments