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postdate

 
(pōst-dāt', pōst'-) pronunciation
tr.v., -dat·ed, -dat·ing, -dates.
  1. To put a date on (a check, for example) that is later than the actual date.
  2. To occur later than; follow in time.

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This entry contains information applicable to United States law only.

To designate a written instrument, such as a check, with a time or date later than that at which it is really made.

Any check or draft that has a future date written upon it by the user. The amount of the check will not be drawn from the account until the date written on the check. For example, a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks.

Investopedia Says:
The rules for postdated checks are outlined in Article 3, Section 113 of the Uniform Commercial Code. These checks are frequently used by customers who take out payday loans. Most banks will honor a postdated check even though it is paid before the date on the check.

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Random House Word Menu by Stephen Glazier
For a list of words related to postdate, see:
  • Relative Time - postdate: (vb) date after time of transaction or occurrence, esp. a check


 
 

 

Copyrights:

American Heritage Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
$copyright.smallImage.alttext West's Encyclopedia of American Law. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Investopedia Financial Dictionary. Copyright ©2010, Investopedia.com - Owned and Operated by Investopedia US, A Division of ValueClick, Inc. All rights reserved.  Read more
Random House Word Menu. © 2010 Write Brothers Inc. Word Menu is a registered trademark of the Estate of Stephen Glazier. Write Brothers Inc. All rights reserved.  Read more

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