Definition of DATE OF ISSUE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DATE OF ISSUE
When applied to notes, bonds, etc., of series, usually means an arbitrary date fixed as beginning of term for which they run, without reference to precise time when convenience or state of market may permit their sale or delivery, date which bonds and stocks bear, and not date when they were actually issued in sense of being signed and delivered and put into circulation. Whetstone v. City of Stuttgart, 193 Ark. 88, 97 S.W.2d 641, 643.
The words in life policy were held not to mean the date of actual execution or the delivery date, but the date set forth in the policy itself. Potts v. Metropolitan Life Ins. Co., 133 Pa.Super. 397, 2 A.2d 870, 872.
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That's the definition of DATE OF ISSUE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
