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A cheque is considered paid when the person to whom the cheque was issued deposits it in a bank and receives the cash due against the cheque.

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16y ago

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Are postdated checks considered cash?

No. It is very well possible that when you cash the check it does not get paid.


Could be considered a crime a check given to secure a payday loan?

Checks given for payday loans are generally post dated. This means if the money is not there for the loan to be paid it is considered fraud and a crime. Also if the check is a rubber check or fake.


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