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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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.
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.
13, 1999), the Illinois criminal bad check statute, "720 ILCS 5/17-1a does not apply to agreements to hold post-dated checks because the payee knows the check is no good when written.
Also, we make follow-up telephone calls when statements are delivered and if necessary, arrange for post-dated checks and retainers.
Post-dated checks do not qualify for the district attorney's check enforcement program.
194 (1) In thousands of Reais (2) Does not include stores opened during the fourth quarter SALES BREAKDOWN Bompreco Bompreco Consolidated Nordeste Bahia 3Q00 3Q99 3Q00 3Q99 3Q00 3Q99 Cash Purchases 39,0% 43,0% 41,8% 43,4% 39,9% 43,1% HiperCard 45,8% 43,4% 25,5% 21,5% 39,0% 35,6% Post-dated checks - - 6,2% 8,8% 2,1% 3,1% Others 15,2% 13,6% 26,5% 26,3% 19,0% 18,2% - FINANCIAL TABLES TO FOLLOW -
In a September 13, 1999 decision, a federal district judge in Springfield, Illinois found that "the Illinois bad check statute, 720 ILCS 5/17-1a does not apply to agreements to hold post-dated checks because the payee knows the check is no good when written.
Customers write post-dated checks to Payday and are extended up to 30-day cash loans.

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