On Or Before Legal Meaning and Definition
Here is a simplified definition of the legal term On Or Before.
On Or Before (phrase)
Definition: A phrase used in legal arrangements, indicating that a certain action required by a contract, deed, or note must be performed no later than a specific date. The action can happen at any time up to and including that date.
Example: If a contract states that payment must be made "on or before July 1st", it means that the payment can be made any time before July 1st and also on the exact date of July 1st. If the action is performed after July 1st, it would be considered late.
Note: This term is often used in agreements tied to finance, property transactions, and other legally binding agreements to communicate deadlines.