- postdated check
A check that is dated in the future, so it cannot be cashed until that date.Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- postdated check
n.a check delivered now with a written date in the future, so that it cannot be cashed until that date. The danger to the recipient is that such a check is legally only a promissory note due at the later date, and if the account is closed or short when the check is presented at the bank, the payee has no rights to demand payment by the bank or claim that the delivery of a bad check was criminal.
Law dictionary. EdwART. 2013.
Look at other dictionaries:
postdated check — check dated later than the current day to postpone payment … English contemporary dictionary
postdated check — A check carrying a date later than the date of actual execution, such being held to be payable at sight, or upon presentment thereof at the bank, at any time on or after the day of its date as such appears on the instrument. 11 Am J2d B & N § 287 … Ballentine's law dictionary
postdated check depositing — depositing a check whose payment date is later than its deposit date … English contemporary dictionary
check — n 1: something that limits or restrains see also checks and balances 2: a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person s order on demand see also negotiable instrument compa … Law dictionary
Postdated — Any check or draft that has a future date written upon it by the user. The amount of the check will not be drawn from the account until the date written on the check. For example, a check written on the 14th of the month but dated for the 28th… … Investment dictionary
postdated instrument — An instrument for the payment of money dated as of a day after the execution and delivery of the instrument. 11 Am J2d B & N § 208. See postdated check … Ballentine's law dictionary
Check kiting — is the illegal act of taking advantage of the float to make use of non existent funds in a checking or other bank account; it is a form of check fraud. It is commonly defined as intentionally writing a check for a value greater than the account… … Wikipedia
postdated cheque — check dated later than the current day to postpone payment … English contemporary dictionary
Postdated — In banking, postdated refers to checks which have been written by the maker for a date in the future. In the United States postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. Postdated checks are often used in… … Wikipedia
check — verb To control or restrain; to hold within bounds. To verify or audit, as to examine the books and records of another or a business for accuracy and proper accounting practices. Particularly used with reference to the control or supervision of… … Black's law dictionary