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It's a check made out with a future date so you can't cash it yet.
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∙ 16y ago
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Is it possible to cancel cheques?
Yes. The term used for this is called Cheque "Stop Payment" You must visit the bank branch from which you got the cheque book and submit a letter stating the reason for the same and also provide the cheque number. If the cheque has not yet been paid, the cheque would be canceled and no payment would be made.
How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
What is mean by stale check?
A stale cheque is a term used to refer to a cheque that is old and expired. Such cheques are totally worthless. Cheques usually have a validity period after which they are considered expired or stale. In india the validity is 3 months and in most countries around the globe it is between 3 to 6 months. If I give you a cheque on 1st of May 2013 the cheque will be valid till 31st July 2013 and starting 1st August 2013, the cheque will be considered stale. If you try to cash that cheque, you will not get any money.
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
What is a CAS cheque?
cas cheque
What is meant by post dated cheque?
Every cheque has a date that has to be entered in it that signifies the date from which the cheque is a valid instrument. So, if I were to issue a cheque today that you can encash anytime from now, I will put todays date as the cheque date. However, if I want you to cash it only after Dec, I will put 1st Jan 2014 as the cheque date. This means that, up until 31st Dec 2013, the cheque is worthless and you can cash it to get money only on or after 1st Jan. This is a postdated cheque because the cheque date lies in the future.
How do you make postdated check in bpi?
To make a postdated check in BPI, it is important to know the date in which it is supposed to clear. Having the date of a cheque many days after the day it is written will render it post-dated.
How do you make postdated check in bpi bank?
To make a postdated check in BPI, it is important to know the date in which it is supposed to clear. Having the date of a cheque many days after the day it is written will render it post-dated.
Was the term muckracker invented by John Quincy Adams?
I don't think so. The term postdated him.
Are postdated cheques illegal in the UK?
No Post Dated Cheques are not ill legal. Gnerally client gives this kind of cheque for some kind of gurantee and assurity.
An Italian company has a postdated English check in hand can he cash in before time?
A cheque can be cashed only on or after the cheque date. Ex: Let us say you issue a cheque to Mr. xyz today (June 2nd 2009) and mark the cheque date as July 1st 2009 (A post dated cheque) Mr. XYZ can deposit this cheque on or after July 1st 2009. If he tries to deposit before that date, the bank would reject it. A cheque is a valid and legal instrument for money transactions only after the cheque date.
What is meant by crossing of cheque?
crossing a cheque is a process of drawing two parallel lines on a cheque with or without certain words
Can you use postdated in a sentence?
Yes, > I've postdated a bank check for security reason.
Is a cheque negotiable instrument?
No. A cheque is a non-negotiable monetary instrument. The value of the cheque cannot be modified or negotiated and hence the term non-negotiable. The amount filled up by the cheque issuer is the value of the cheque and it would not change.
What is postdated cheque?
It's a check that's dated after the date it was written. Banks used to not honor checks before the date that was written on them, so people would send a check dated after payday to pay the gas bill or something. These days, if a check shows up at the bank they'll process it no matter what the date is on it...so don't write any more postdated checks.
What is the meaning of postdated?
of Postdate
Is postdated cheque for personal loan issued was delayed in payments can be cause for arresting a client?
Payment of a loan is usually a civil matter. Civil law does not usually involve the police or "arrests" unless the matter is before a court and a judge orders it.
