Payment Date definition: Copy, customize, and use instantly
Introduction
The term "Payment Date" refers to the specific date on which a payment is due under a contract. It is essential for ensuring timely financial transactions, avoiding penalties, and maintaining contractual compliance. Payment dates can vary depending on the agreement, covering periodic obligations, lump sum payments, or conditional deadlines.
Below are various examples of how "Payment Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Payment Date" as a tax payment deadline
This definition ties "Payment Date" to the deadline for tax payments.
"Payment Date" means the due date on which taxes, including income, property, or corporate taxes, must be paid to the relevant authority as required by law.
Definition of "Payment Date" as a subscription fee due date
This definition connects "Payment Date" to periodic payments for subscriptions.
"Payment Date" refers to the scheduled date on which the subscriber must make a payment to maintain access to a service or membership.
Definition of "Payment Date" as a securities settlement date
This definition links "Payment Date" to the settlement of financial instruments.
"Payment Date" means the date on which payment for securities transactions, including stock purchases or bond settlements, is due.
Definition of "Payment Date" as a supplier invoice due date
This definition applies "Payment Date" to the deadline for settling supplier invoices.
"Payment Date" refers to the final date by which payment for goods or services must be made to avoid penalties or late fees.
Definition of "Payment Date" as a deferred payment deadline
This definition ties "Payment Date" to an agreed-upon deferred payment schedule.
"Payment Date" means the date agreed upon between the parties for making a deferred payment in accordance with the contract’s terms.
Definition of "Payment Date" as a performance-based compensation date
This definition connects "Payment Date" to performance-based payouts.
"Payment Date" refers to the date on which compensation, including bonuses or commissions, is due based on performance criteria outlined in the agreement.
Definition of "Payment Date" as a royalty payment due date
This definition links "Payment Date" to royalty payments under licensing agreements.
"Payment Date" means the date by which the licensee must remit royalty payments to the licensor as per the terms of the licensing agreement.
Definition of "Payment Date" as an escrow disbursement date
This definition applies "Payment Date" to the release of funds held in escrow.
"Payment Date" refers to the date on which escrowed funds are disbursed in accordance with the terms of the escrow agreement.
Definition of "Payment Date" as a mortgage installment due date
This definition ties "Payment Date" to mortgage repayment obligations.
"Payment Date" means the date on which scheduled mortgage payments, including principal and interest, must be made by the borrower.
Definition of "Payment Date" as an insurance premium due date
This definition connects "Payment Date" to scheduled insurance premium payments.
"Payment Date" refers to the date on which an insurance policyholder must pay the premium to keep coverage active.
Definition of "Payment Date" as a penalty trigger date
This definition links "Payment Date" to the start of penalty assessments for late payments.
"Payment Date" means the date after which penalties or late fees begin accruing for unpaid amounts under the contract.
Definition of "Payment Date" as a credit card billing cycle due date
This definition applies "Payment Date" to the deadline for credit card payments.
"Payment Date" refers to the last date on which the cardholder must make the minimum or full payment to avoid interest charges or penalties.
Definition of "Payment Date" as a construction progress payment date
This definition ties "Payment Date" to staged payments for construction projects.
"Payment Date" means the date on which payments are due for completed phases of construction work as outlined in the construction contract.
Definition of "Payment Date" as a legal settlement payout date
This definition connects "Payment Date" to financial settlements in legal disputes.
"Payment Date" refers to the date on which a party is required to pay a settlement amount as agreed upon in a legal proceeding or arbitration.
Definition of "Payment Date" as a pension or retirement distribution date
This definition links "Payment Date" to scheduled pension or retirement benefit payments.
"Payment Date" means the designated date on which pension or retirement distributions are disbursed to beneficiaries.
Definition of "Payment Date" as a government grant disbursement date
This definition applies "Payment Date" to scheduled grant payments from government entities.
"Payment Date" refers to the date on which approved grant funds are disbursed to the recipient organization.
Definition of "Payment Date" as a refund issuance date
This definition ties "Payment Date" to the issuance of refunds for overpayments or cancellations.
"Payment Date" means the date on which a refund is processed and issued to the payor.
Definition of "Payment Date" as a bond coupon payment date
This definition connects "Payment Date" to the scheduled interest payments on bonds.
"Payment Date" refers to the date on which interest payments, or coupon payments, are made to bondholders.
Definition of "Payment Date" as a crowdfunding disbursement date
This definition links "Payment Date" to the release of funds from crowdfunding campaigns.
"Payment Date" means the date on which collected funds from a crowdfunding campaign are disbursed to the project creator.
Definition of "Payment Date" as an international wire transfer settlement date
This definition applies "Payment Date" to the completion of international wire transactions.
"Payment Date" refers to the date on which an international wire transfer is settled and credited to the recipient’s account.
Definition of "Payment Date" as a court-ordered restitution payment date
This definition ties "Payment Date" to legally mandated restitution payments.
"Payment Date" means the date on which a party must make a restitution payment as ordered by a court.
Definition of "Payment Date" as an installment agreement due date
This definition connects "Payment Date" to scheduled payments under installment agreements.
"Payment Date" refers to each date on which an installment payment is due under a structured payment plan.
Definition of "Payment Date" as a loan prepayment effective date
This definition links "Payment Date" to prepayments made before the scheduled due date.
"Payment Date" means the date on which a borrower makes an early repayment of principal, reducing the outstanding loan balance.
Definition of "Payment Date" as a charitable donation fulfillment date
This definition applies "Payment Date" to pledges and commitments for charitable contributions.
"Payment Date" refers to the date on which a donor fulfills a pledged donation to a charitable organization.
Definition of "Payment Date" as a government procurement contract payment date
This definition ties "Payment Date" to government contract obligations.
"Payment Date" means the date on which payment for goods or services provided under a government procurement contract is due.
Definition of "Payment Date" as a digital asset transfer settlement date
This definition connects "Payment Date" to cryptocurrency or digital asset payments.
"Payment Date" refers to the date on which a digital asset or cryptocurrency transaction is completed and confirmed on the blockchain.
Definition of "Payment Date" as a scheduled installment due date
This definition ties "Payment Date" to regularly scheduled installment payments.
"Payment Date" means the date on which any installment of principal, interest, or other amounts becomes due and payable as specified in the agreement.
Definition of "Payment Date" as the final settlement date
This definition connects "Payment Date" to the last payment required to fully settle an obligation.
"Payment Date" refers to the date on which the final payment of any outstanding balance, including accrued interest and penalties, must be made in accordance with the terms of the contract.
Definition of "Payment Date" as a recurring interest payment date
This definition links "Payment Date" to recurring payments for interest-bearing obligations.
"Payment Date" means each date specified in the contract on which accrued interest is due and payable.
Definition of "Payment Date" as a contractual obligation deadline
This definition applies "Payment Date" to any obligation requiring financial settlement.
"Payment Date" refers to the date designated in the agreement by which payment must be received to satisfy an obligation.
Definition of "Payment Date" as a grace period deadline
This definition ties "Payment Date" to the expiration of a contractual grace period.
"Payment Date" means the last day of the grace period provided under the contract for making a due payment without incurring penalties.
Definition of "Payment Date" as a milestone-based payment trigger
This definition connects "Payment Date" to a contractual milestone or event.
"Payment Date" refers to the date on which a specified contractual milestone is achieved, triggering a payment obligation.
Definition of "Payment Date" as an employee payroll processing date
This definition links "Payment Date" to the scheduled payroll cycle.
"Payment Date" means the date on which wages, salaries, bonuses, or other compensation are paid to employees in accordance with the employer’s payroll schedule.
Definition of "Payment Date" as a dividend distribution date
This definition applies "Payment Date" to dividend payments to shareholders.
"Payment Date" refers to the date on which declared dividends are distributed to eligible shareholders.
Definition of "Payment Date" as a loan repayment schedule date
This definition ties "Payment Date" to specific repayment obligations under a loan agreement.
"Payment Date" means the scheduled date on which a borrower must make a principal or interest payment under the terms of the loan agreement.
Definition of "Payment Date" as a lease rental due date
This definition connects "Payment Date" to rental obligations under a lease.
"Payment Date" refers to the date on which rent or other lease payments are due from the lessee to the lessor as outlined in the lease agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.