Post-dated check

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Post-dated check

A check that becomes payable and negotiable on a future date specified.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Once you've chosen your future home and your bank, the next step is to make the downpayment to your developer, usually through post dated checks. If you've chosen a pre-selling project, then you get to wait and anticipate excitedly for a few more years.