Define: Timely payment
Timely payment means payment made on or before a predefined due date
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Timely payment means payment made on or before a predefined due date.
Relevant Circumstances
- Payment for services rendered or goods delivered
- Regular monthly payments such as rent or salaries
- Licensing or royalty fees
- Any circumstance necessitating pre-determined payment deadlines