TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
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 … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Work performed in addition to the usual and customary working hours, .e.g. work performed above and beyond an 8 hour work day. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
To inquire into; to review; to disturb. "The merits of a judgment can never be overhauled by an original suit" 2 H. Bl. 414. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Payment for overtime work, typically at a rate in excess above the normal rate e.g. time and a half or 1.5 times the laborer's hourly rate. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
A cost of a needed resource that is not involved in the production of a good or service but is still incurred and a necessary expense. An ongoing business expense that has no direct relation to the good or service being produced or provided. An accounting term. … [Read more...]