Post-dated check

Also found in: Legal, Acronyms.

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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He says this is actually a hollow threat because a post-dated check used in this manner is not a criminal matter subject to the hot check law.
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.
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 -
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.
Customers write post-dated checks to Payday and are extended up to 30-day cash loans.

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