Post-dated check

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Post-dated check

A check that becomes payable and negotiable on a future date specified.

Post-Dated Check

A check dated for one or more days after it is written. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. Theoretically, banks do not honor postdated checks, though many do anyway.
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At the worst if they are unable to pay in cash, you can accept post-dated checks or even assets in kind.
For now, post-dated checks serve as the primary mechanism for repayment.
289) Ohio Cash Advance required her to submit two post-dated checks to obtain the loan.
The beneficiaries were also required to submit 36 post-dated checks for the monthly rental of equipment which is equivalent to the total amount of assistance and one post dated check (PDC) as payment for option to purchase which is 0.
Residents in Petra are protesting the Jordanian government's failure to refund post-dated checks from the recently banned sale of cars in showrooms, a practice that has been going on for years, but has became more pronounced in the past year.
The kinds of things we use are promissory notes or post-dated checks.
Post-dated checks are frequently used as a guarantee by businesses.
And although Walker delivered two post-dated checks to Deltic, those checks were returned, according to Deltic, which sought to have the reorganization converted to Chapter 7.
Post-dated checks are common in business transactions and blank but signed checks are often used as promissory notes or as a form of guarantee in business deals.
Lisa Morawski, a spokeswoman for the state agency that regulates banks, said state rules require that banks hold off on cashing post-dated checks.
Also, we make follow-up telephone calls when statements are delivered and if necessary, arrange for post-dated checks and retainers.
Roger Ramirez, manager of the products and services division of the PCSO said participating organizations need to comply a letter of intent, memorandum of agreement, payment, with the options to pay a down payment with five post-dated checks with the last check maturing a week before the draw date; or down payment and surety bond.

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