Due

Due

In the Past

What ought to be paid; what may be demanded. It differs from owing in this, that, sometimes, what is owing is not due; a note, payable thirty days after date, is owing immediately after it is delivered to the payee, but it is not due until the thirty days have elapsed.

Developments

Bills of exchange and promissory notes, are not, due until the end of the three days of grace, (see this concept in the corresponding entry on this reference) unless the last of these days happen to fall on a Sunday or other holyday, when it becomes due on the Saturday before and not on the Monday following. Story, P. N. 440; 1 Bell's Com. 410 Story on Bills, 283; 2 Hill, N. Y. R. 587; 2 Applet. R. 264.

Details

Due also signifies just or proper; as, a due presentment and demand of payraent, must be made. See 4 Rawle, 307; 3 Leigh, 389; 3 Cranch's Reports (U. S. Supreme Court) 300. [1]

Resources

Notes and References

1. Partialy, this information about due is based on the Bouvier's Law Dictionary, 1848 edition. There is a list of terms of the Bouvier's Law Dictionary, including due.

See Also