|a.||1.||Due and more than due; delayed beyond the proper time of arrival, payment, return, etc.; |
|Adj.||1.||overdue - past due; not paid at the scheduled time; "an overdue installment"; "a delinquent account"|
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.
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.
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, 55; 3 Har. (N. J.) Rep. 222.