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Simple English definitions for legal terms
even date
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A quick definition of even date:
Even date: This means the same date. Sometimes people use this phrase to talk about two papers that have the same date, like a contract and a loan agreement for the same thing.
A more thorough explanation:
Definition: Even date refers to the same date. This term is often used in legal documents to refer to another document that has the same date, especially when both documents relate to the same transaction.
Example: A deed and a mortgage both have an even date of January 1, 2021, indicating that they were executed on the same day and are related to the same property transaction.
Explanation: The example illustrates how the term even date is used in legal documents to refer to two instruments that have the same date and are related to the same transaction. In this case, the deed and mortgage both have an even date of January 1, 2021, indicating that they were executed on the same day and are related to the same property transaction.