Ides of March - Roman deadline for settling debts. March 15.
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The Ides of March is the 74th day in the Roman calendar, corresponding to 15 March. It was notable for the Romans as a deadline for settling debts. In 44 BC, it became notorious as the date of the assassination of Julius Caesar which made the Ides of March a turning point in Roman history.
Yes, this is the point, or precipice at which point the Roman Republic became the Roman Empire.