After date refers to a period calculated from the date written on a bill of exchange or promissory note, not from the date of acceptance.

Simple Meaning:

It means the payment is due after a certain time from the date mentioned on the document.

Example:

If a bill is dated 1st January and payable 60 days after date, the due date will be calculated starting from 1st January.

Usage:

This term is commonly used in:

Bills of exchange

Promissory notes

Credit transactions

In short, “after date” means the credit period begins from the date written on the instrument.