See Also: Overdue(money)
Overdue(finance)
overdue(dictionary)
overdue(dictionary)
OVERDUE(law)

OVERDUE (law)


OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. 260; 9 Alab. R. 153. a new bill payable at sight. 2 Conn. 419; 18 Pick. 260; 9 Alab. R. 153. 3. A note when passed or assigned when overdue, is subject to all the 3. A note when passed or assigned when overdue, is subject to all the equities between the original contracting parties. 6 Conn. 5; 10 Conn. 30, equities between the original contracting parties. 6 Conn. 5; 10 Conn. 30, 55; 3 Har. (N. J.) Rep. 222. 55; 3 Har. (N. J.) Rep. 222.