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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PTP: This metric tells the manager the total dollar amount of "single-promises" that the collector has scheduled to run between this morning and the last day of the month that are not already represented by postdated checks.
At least five residents of Duenas town have filed complaints against Sorongon for not paying loans from P50,000 to more than P200,000 and issuing postdated checks that had bounced.
Undoubtedly, without their respective positions, respondents could not have orchestrated a scheme of issuing postdated checks and [the] municipal accountant's Advice of Local Check Disbursements that meddled with the municipality's funds,' the Ombudsman said in its resolution.
They initially paid Tolentino and the others via postdated checks, he said, but the last few checks they issued bounced.
In other words, the obligation was already incurred and outstanding even before the postdated checks were even issued," the appeals court added.
Go denied ownership of the US dollar account used to accept proceeds from the Bangladesh bank heist as well as another peso account that was apparently used for the rediscounting or conversion into cash of postdated checks payable to Centurytex Trading.
The original promissory note offered an initial payment of P400,000 and postdated checks of P40,000 per month until the bill is paid, Rosario said.
Atienza, for his part, issued several postdated checks to the provincial government as payment for the loan.
He said he made a down payment of P11 million on the property and issued postdated checks covering the balance to Gregorio.
He said he issued postdated checks to pay for the balance of P435 million.
Asked by Senator Aquilino "Koko" Pimentel III, chairman of the subcommittee, if he has made any other payments for the land aside from the downpayment, Tiu said he also issued postdated checks amounting to P446 million, including the downpayment.
MANILA -- A Quezon City policeman who returned an envelope containing two postdated checks for P100,000 which he found beside a trash bin on the street has received a commendation for his honesty.