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i don't think it has a detrimental effect on your chances of admission
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Simple English definitions for legal terms
Lady Day
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A quick definition of Lady Day:
Lady Day is a special day that happens four times a year. It is one of the quarter days, which means it is a day when people used to pay rent or debts. In England and Wales, Lady Day is on March 25th. It is also called a natural day, which is a 24-hour period when the sun is up. Lady Day is important because it used to be a time when people settled disputes and helped their neighbors without payment.
A more thorough explanation:
Lady Day is a quarter day, which means it is one of four days during the year when money owed, such as rent, was legally or customarily payable. In England and Wales, Lady Day is on March 25th. In Scotland, the traditional quarter or term days are Candlemas, February 2; Whitsunday (or Whitsuntide), May 15; Lammas, August 1; and Martinmas, November 11.
For example, if someone rented a house and their rent was due on Lady Day, they would need to pay it on March 25th. If they didn't pay it on that day, they might have to pay a fine or face legal consequences.