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postdated check

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

postdated check n. a check delivered now with a written date in the future, so that it cannot be cashed until that date. The danger to the recipient is that such a check is legally only a promissory note due at the later date, and if the account is closed or short when the check is presented at the bank, the payee has no rights to demand payment by the bank or claim that the delivery of a bad check was criminal.



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The lender will want a postdated check if you make your transaction in person.
Bank Charges and Late Penalties When you applied for pay day loans, you might have chosen to issue postdated checks against your bank account.
He wants to know if Grogitsky will accept a postdated check.
 
 
 
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