Post-dated check


Also found in: Legal, Acronyms.

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
Mentioned in ?
References in periodicals archive ?
Because payday lenders require a post-dated check or a debit authorization, payday lenders accuse customers of committing the crime of check fraud or passing a bad check if their checks bounce or if the account debits are denied due to insufficient funds ("NSF").
Under the deal, GCash users may opt to pay for their real-estate dues via the digital money app, saving them from the hassle of paying through post-dated checks, bank deposits, or through brokers and property developers.
ALMASAI which has an office address in Cubao, Quezon City, allegedly even issued 13 post-dated checks -- 12 checks for the monthly earning of the investment and the 13th check as payment of capital investment.
On the same day, the mayor supposedly issued to Orteza 14 post-dated checks with the total amount of P6.75 million.
For now, post-dated checks serve as the primary mechanism for repayment.
"The kinds of things we use are promissory notes or post-dated checks. We're certainly discouraging people from paying by check, we want them to go through ACH.
Post-dated checks do not qualify for the district attorney's check enforcement program.
The two eventually met on March 5, 2018 in Pasig City where the victim asked the suspect to produce P135,000 as cashout payment for the vehicle, three post-dated checks amounting to P19,607 each as payment for monthly amortization which was due from April to June 2018; and various IDs.
We will only mention the acceptance of post-dated checks as extended cash terms.
But sometime in October 2016, Salazar said Almazan started having difficulty paying them, the latter claiming that JC Tayag issued post-dated checks to her that bounced.

Full browser ?