The post-dated cheque is the cheque on which a date is written by the drawer which is later than a present date, and can be honoured only when the date arrives. on the date marked on the cheque. it remains bill of exchange and it becomes cheque only on the date written on the cheque. The appellant approached the Andhra Pradesh High Court, seeking to quash the complaints arising out of 18 cheques with a total … Find. A post-dated cheque is as much negotiable as a cheque for which payment is due immediately on presentation, and there is no authority for holding that a person in whose favour such a cheque is endorsed before the date of payment is not a holder in due course or that such an assignment or endorsement is not enforceable at the instance of the assignee or endorsee. Ante-date is earlier date. PDC’s are a convenient way of paying for your dues in advance without actually releasing the amount until the date indicated on the checks. It is a standard banking practice in some countries to request post-dated checks for the retail Loan repayments. See more. It is a standard banking practice in some countries to request post-dated checks for the retail Loan repayments. In banking, a post-dated cheque is a cheque written by the drawer (payer) for a date in the future. The cheques issued in India have the validity period of three months and within this validity period, the cheques are to be presented for payment Sample:1 Mr. Raman issued a cheque for rupees 5000 dated; 17.10.2017 in favour of Kannan. Suppose a cheque bears the date 16th Jan 2018, then such a cheque, on 14th Jan 2018, is called a post-dated cheque. A check dated for one or more days after it is written. ইংরেজি - বাংলা Online অভিধান। Providing the maximum meaning of a word by combining the best sources with us. There is really no purpose of writing a pre dated check -- but it means to write a check several days or weeks before the date your … We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate image within your search results please use this form to let us know, and we'll take care of it shortly. europa.eu. [22] Some UK organisations do not accept post-dated cheques[23] as well as some Government Departments,[24] while paying income tax or voluntary National Insurance may only be done with post-dated cheques with permission from HM Revenue and Customs. The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.e. Post dated cheque is an essential part of today’s business world. On one occasion he paid half of the amount, but the rest is still outstanding. 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 … Receiver, collect a cheque, post-dated cheque, certified cheque, [...] bank draft or money order made payable to the Shipper in the amount noted on the face of the ExpressCheque. The post-dated cheques issued by the appellant by way of security were dishonoured on presentation and complaints were filed by the respondent in the court of the concerned magistrate in New Delhi against the appellant and its director. C'est un chèque personnel post-daté. Upvote (0) Downvote (0) Reply (4) Answer added by Atif Siddiqui, Functional Consultant , Logic Information System, MEA 2 years ago . For Example, a cheque issued on 10th Jan 2010 may bear a date 20th Dec 2009. The main reason for the practice of seeking post dated checks by banks is … The post-dated cheque become a cheque within the meaning of s. 138 of the Act on the date which is written thereon and the six months period has to be reckoned for the purposes of Proviso (a) to s. 138 of the Act from the said date, Ashok Yeshwant Badave v. Surendra Madhavrao, AIR 2001 SC 1315 (1320): (2001) 3 SCC 726. Postdate definition is - to date with a date later than that of execution. A postdated check is a check with a future date written on it. The greatest danger lies in the banker paying a post-dated cheque and subsequently dishonouring another cheque which ought to have been paid but had to be … Conversely, an antedated cheque has an issue date in the past. We truly appreciate your support. English English - Japanese English - Korean English - Spanish Japanese - English Spanish - English. You can set the required parameters and search the records. The post-dated cheques issued by the appellant by way of security were dishonoured on presentation and complaints were filed by the respondent in the court of the concerned magistrate in New Delhi against the appellant and its director. Under Australian law a post-dated cheque is valid under the Cheques and Payment Orders Act 1986. A post dated check is a check on which the issuer has stated a date later than the current date. PDC’s are a convenient way of paying for your dues in advance without actually releasing the amount until the date indicated on the checks. A post-dated cheque (PDC) means the Cheque cannot be cashed until that day i.e. 2. In advance of a payment, some businesses issue a post-dated check, meaning they promise to make a payment in the future. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. three months or more, in the past. ‘Ante’ means earlier. STANDS4 LLC, 2021. This means that the drawer of the cheque is liable even for dishonour of the cheque given for security if on the date of the cheque liability or debt exists or the amount has become legally recoverable. Contingent entries, if required, are passed for the PDC during initiation Liquidation of … When Loan are sanctioned, the lending institution collects post-dated checks in advance from the Loan recipient - at times for the full tenor of the Loan . How to use postdate in a sentence. the bank will not accept this cheque because it is not current dated today or tomorrow, this type of cheque is called post dated cheques. A post-dated check (or post-dated cheque) is a check written with a future date. Historically, if someone wanted to phase their payments, such as for paying into an insurance policy, they issued a series of post-dated cheques to the recipient. This article highlights the fact that the Supreme Court in the case of [6] The Australian Federal Police in their information to small businesses on avoiding fraud advise: 'Do not accept post-dated or pre-dated cheques'. Bank on whom it is drawn will not honour the cheque before the date of the cheque. The retailers will usually accept post-dated monthly cheque payment installments up to several months in advance allowing their customers to pay for expensive goods as a sort of a line of no interest credit. In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. English to Hindi & English Online Dictionary. postdated check. For example - On 10 January 2019, Ram issued a cheque to Sham. adjective [usually ADJECTIVE noun] On a post-dated cheque, the date is a later one than the date when the cheque was actually written. You write a post-dated cheque to allow a period of time before the money is taken from your account . You can invoke the ‘Post Dated Cheques Product Definition’ screen by typing ... Invoke ‘Post Dated Cheque Reject Summary’ screen by typing ‘ PDSONREJ’ in the field at the top right corner of the Application toolbar and clicking the adjoining arrow button. The Commonwealth Bank of Australia's rules and conditions for cheques (2014: Section 1.7.6 'Dishonour of cheques') clearly state that a cheque will be dishonoured if it is presented before the post-date as written on the cheque for the reason that, '...the cheque bears a date that is in the future. This situation represents a risk to the check … C'est un chèque personnel post-daté. : Il s'agit au mieux d'un chèque postdaté. Printer friendly. Cheque Cashed By a Different Individual (Counter-Signed Cheques) Some banks allow cheques to be cashed by someone other than the … PDC can be issued to your suppliers and can be received from your customers.Normally Post … They do not have an expiration date. Post-dated cheques are common and enforceable. English & Bengali Online Dictionary & Grammar learn it, talk it " I w a s r e a d i n g the dictionary. The two major issues before the courts are: 1) Post-dated cheques that are stopped by the bank or issuer, causing problems for whoever is to be paid by the cheque for goods or services provided[15] and; 2) the reverse, in which a person is promised goods or services but does not receive them and has to stop the cheque. PDCs have four events in their life cycle: Booking (Entry) of PDCs, where details of the PDC are entered in Oracle FLEXCUBE Initiation of PDCs, where the PDC is authorized and becomes active. [20][21] In some instances a post-dated cheque may be retained by the bank and paid on the due date if that date is only a few days away. Definition of Post Dated Cheque. 370 of such court. The post-dated cheque is not payable till the date which is shown on the face of the said document. (3) For the purpose of determining whether a post-dated instrument is a cheque, the fact that the instrument is post-dated shall be disregarded. The issuer does this in order to delay payment to the recipient, while the recipient may accept it simply because the check represents a firm date on which it will be … Ebenso wenig können wir ein vages Versprechen der US-Regierung akzeptieren, dass der Kongress die … "Post-dated cheque." post-dated cheque meaning, definition, what is post-dated cheque: a cheque on which you write a date that ...: Learn more. . post-dated. Replied By Tauqeer Ahmed , 4 years ago A post cheque bears a future date. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. a. ANTE-DATED and Post-dated are opposite dates. : Let us talk about this particular post-dated cheque. A post-dated check is essentially a promise to pay, and until the business partner pays or reimburses amounts owed, no change is made in accounting books. In definition, " Post Dated Check is a check delivered now with a written date in the future, so that it cannot be cashed until that date. for example one of your friend gave u cheque to day and as he has no money in the bank he put 1/05/07 as date. '[17] In the United Kingdom, post-dating a cheque carries no legal weight and so such a cheque can be cashed before the due date. In general, you’d put the current date of January 1 on the check. See more. In Serbia post-dating cheques is a customary practice in the retail industry. For example, if the drawer writes out a cheque on say 6th of Jan and puts a date, say, 10th Jan on the cheque and hands it over to the payee, such a cheque is called a post-dated cheque. The greatest danger lies in the banker paying a post-dated cheque and subsequently dishonouring another cheque which ought to have been paid but had to be returned due to lack of … A post dated check is used in the following situations: Deliberate payment delay. PDCs are preferred by lenders as it is considered a “safe instrument” while banking public feels at ease with its usage The Reserve Bank of India (RBI) while extending the deadline for issuing new chequebooks based on the cheque truncation system (CTS) signalled the end of post-dated cheque (PDCs) era. : This is a post-dated personal check. The cheque can be returned and the amount credited back to your account up to the day before the date written on the cheque. Suppose your company is buying goods from a party, but you don’t want to pay cash at this moment and want some credit period and so you offers a post-dated cheque of 3 Months to your supplier. A stale cheque contains a date, i.e. Many banks will honor … This is known as a post-dated cheque and it cannot be paid until that date arrives. Mahatma Gandhi's remark , ' A post-dated cheque on a crumbling bank' is regarding the proposal of _____ A) Simon Commission: B) Cripps Mission : C) Cabinet Mission: D) Wavel Plan: Answer: B) Cripps Mission Explanation: Subject: Indian History. Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date. Many banks state in their terms and conditions that post-dated cheques should not be written while some include a note at the front of chequebooks, advising that post-dated cheques should not be written. Pre-dated means I have got a cheque for 15.10.06 and encashing it on 19.10.06. post-dated cheque meaning, definition, what is post-dated cheque: a cheque on which you write a date that ...: Learn more. If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask his or her financial institution to return the amount until the day before the cheque should have been cashed. A post dated check is used in the following situations: Deliberate payment delay. Q: Charles Wilkinson's English version of Bhagavad Gita was first published in the year . The date that is taken into consideration is the date which is the date which is written on the check. - Published on 20 Jul 15 . In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. '[4], While this is a sound interpretation of Australian Commonwealth law, for insurance reasons the bank protects itself from possible attack with the condition (2014: Section 1.7.1 'Using your cheques '): 'You authorise us to pay a post-dated cheque (one which is dated with a date in the future) drawn on your account and presented for payment at any time before the date of the cheque arrives. See 'post-dated cheque' also in: Google Translator Shabdkosh Wikipedia.com Dictionary.com Merriam Webster. Legal consequences of cashing in a post-dated cheque before its due date vary from country to country. A cheque in which a future date is written on its face is called post dated cheque or popularly known as PDC. As well, under Section 61 of the Act, part 2 reads; Where a demand for payment of a cheque is made before the date of the cheque arrives, the cheque shall not, by reason of the demand, be taken to have been duly presented for payment. n. a check delivered now with a written date in the future, so that it cannot be cashed until that date. What happens if a cheque is post dated? [29], http://www.duhaime.org/LegalDictionary/D/Drawer.aspx, http://www.comlaw.gov.au/Details/C2004A03386, https://www.commbank.com.au/business/pds/ADB2916.pdf, https://www.ato.gov.au/Business/Payments-to-ATO/How-to-pay/, https://in.finance.yahoo.com/news/legal-consequences-bounced-cheques-125402222.html, http://www.moneylife.in/article/bounced-cheques-and-section-138-of-ni-act/37274.html, http://judis.nic.in/supremecourt/imgs1.aspx?filename=41392, http://www.vakilno1.com/legal-faq/dishonour-of-cheque-section-138-of-the-negotiable-instruments-act.html, http://articles.economictimes.indiatimes.com/2003-03-12/news/27559217_1_post-dated-cheques-negotiable-instruments-act, http://www.legislation.gov.uk/ukpga/Vict/45-46/61/part/III, http://www.legislation.gov.uk/ukpga/Vict/45-46/61, http://www.chequeandcredit.co.uk/faqs/-/page/can_i_post-date_a_cheque/, http://news.bbc.co.uk/2/hi/programmes/moneybox/3537727.stm, http://payontime.co.uk/cheques-and-cheque-clearing/cheques-and-the-cheque-clearing-system, http://www.nidirect.gov.uk/the-cost-of-a-driving-licence, https://www.gov.uk/pay-self-assessment-tax-bill, https://www.gov.uk/pay-voluntary-class-3-national-insurance, http://www.law.cornell.edu/ucc/4/4-401.html, https://en.wikipedia.org/w/index.php?title=Post-dated_cheque&oldid=946198218, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 March 2020, at 18:23. (4) A cheque is not incomplete or irregular on its face by reason only that it is post-dated (whether or not the date has arrived). Dear Mr. Chong, RE : … The main reason for the practice of seeking post dated checks by banks is that it is far quicker for the … Most Popular Terms: Earnings per share (EPS) Beta; Market capitalization; Outstanding; Market value; … What is a Post Dated Check? New search features Acronym Blog Free tools "AcronymFinder.com. Oracle FLEXCUBE supports processing of post dated Cheques (PDCs) both at Branch and Host levels. Postdated checks are often used in conjunction with payday loans. I was given post dated cheques (as a sign of good faith and commitment) by a debtor who was struggling to settle his debt. English. How to say Post-dated cheque in sign language? An unresolved question is whether issuing a PDC for the satisfaction of debt and issuing a PDC as a security have similar or a different meaning under section 138 of the Negotiable Instruments Act, 1881, for the purposes of prosecution. Can this be constituted as fraud? [28] In practice, whether the check writer has any redress against the financial institution where the payee deposited the check may depend on whether it can be shown that the check was accepted over the counter without examination. Or you … Hindi meaning of post-dated cheque post-dated cheque / उत्तर-दिनांकित चैक; Nearby Words: pose posed poser poses posh posies . b. SPDC … post-dated cheque. In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque. But you could just as easily postdate it a week and write January 8 on the check. Post Dated Cheque. Note : All Types of Cheque are valid for three month from the date of issue (or written on cheque). Related Questions. We cannot, for example, take post-dated cheques written on a promise by the United States Administration that Congress will reduce their domestic and export subsidies in agriculture on an unquantified basis at some unspecified point in future. Post Dated Cheques (PDC) Management . We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. On the other hand, a post-dated cheque contains a future date. 7. Select the record that you wish to reverse or cancel. https://www.definitions.net/definition/Post-dated+cheque. Home >> Category >> Banking awareness questions on current affairs >> Bank basics; Q. : Mais parlons de ce … Images & Illustrations of Post-dated cheque. In the post-date cheque scheme, individuals or firms pay for their purchases with a cheque to be collected at a later [...] date, which can range from a few weeks and up to six months or more after the actual purchase date. : Le projet de loi C-48 est un chèque en blanc postdaté. Banks might not notice the date, or they might choose to process stale-dated checks for their customers. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. I thought it was a poem a b o u t e v e r y t h i n g. " --Steven Wright. According to the Comptroller of the Currency: "A check is a negotiable instrument—the payee, the person to whom the check is written, may negotiate it through the banking system at any time" and check writers seeking redress must restrict themselves to pursuing the payee. Search all Hindi words & phrases | Online Shabdkosh | अंग्रेजी - हिन्दी ऑनलाइन शब्दकोश । post-dated cheque - उत्तर-दिनांकित चैक; It will only become cheque on the date shown on it and prior to that it remains a bill of exchange under Section 5 of the Act. Yes. To put a date on that is later than the actual date. : This check is post-dated for next year. English. Browse all topics › Business. Post-Dated Check A check dated for one or more days after it is written. In Oracle Payables (EBS) When a Payment is made using Maturity Date and … : This check is post-dated for next year. Upvote (0) Downvote (0) Reply (4) Answer added by Atif Siddiqui, Functional Consultant , Logic Information System, MEA 2 years ago . So the safest practice is not to write post-dated cheques at all and set up a series of standing order payments, (provided the recipient is set up to accept automated payments to their account). [11][12][13]. In other words, the date that appears on the check is after the date when the check was written. In banking, postdated refers to cheques which have been written by the drawer for a date in the future. Postdated checks are often used in conjunction with payday loans. Usually, the cheque for repayment of the loan will be given as a post dated cheque as “security”. From Longman Business Dictionary post-dated cheque ˌpost-dated ˈcheque British English, post-dated check … Definition of a Post-dated Check. 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 … In the accounting books of both the issuer and the recipient, the transaction will not be recorded until the date provided on the cheque. Bill C-48 is a post-dated blank cheque. … cheques are dated for the coming period. : Le projet de loi C-48 est un chèque en blanc postdaté. 16. [27], Nonetheless, if "the customer has given notice to the bank of the postdating describing the check with reasonable certainty" the Uniform Commercial Code requires that the notice to be honored. A check that becomes payable and negotiable on a future date specified. However, a bank may refuse to honour a cheque if the post-date is noticed; otherwise, the payer has no right to take any form of legal action against the bank for letting the cheque be processed. A post-dated check (PDC) is, as the term implies, a check you issue in advance to your payee, but the date indicated is some date in the future. A post-dated check is a negotiable instrument that allows a party to a contract (for example, a customer or borrower) to indicate to the other party (supplier or lender) its promise to pay at a given date. abbreviation; word in meaning; location; Examples: NFL, NASA, PSP, HIPAA,random Word(s) in meaning: chat "global warming" Postal codes: USA: 81657, Canada: T5A 0A7. What is the position with post dated cheques these days? Cheque bearing the date which is yet to come in future is called Post Dated Cheque. In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'. Post Dated Cheque … Post Dated Cheques (PDC) Management . Theoretically, banks do not honor postdated checks, though many do anyway. In banking, a post-dated cheque is a cheque written by the drawer (payer)[1] for a date in the future. [16] Under the Bills of Exchange and Banking Act 1882, part 10, bills of exchange are payable on demand and in part 13, 'A bill is not invalid by reason only that it is ante-dated or post-dated. In advance of a payment, some businesses issue a post-dated check, meaning they promise to make a payment in the future. In banking, postdated refers to cheques which have been written by the drawer for a date in the future. For example, suppose a department store wants to purchase $1 million worth of … As a bill of exchange a post-dated cheque remains negotiable but it will not become a "cheque" till the date when it becomes "payable on demand". '[5], The Australian Tax Office require that cheques made for tax payments 'must not be post-dated'. The Supreme Court has ruled that the stop payment of post-dated cheques issued by a person to settle his debt or liability could amount to a penal offence. If a bank notices a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in. In some countries writing a post dated cheque may simply be ignored or is illegal. This is a kind of easy credit facility. Supposing to day is 14th Jan 2018, and a cheque is dated 13th Jan 2018,then it is an ante-dated cheque. Now supplier agreed for the same and delivers you goods today while you issue him the Post-dated Cheques (PDC). If a bank notices a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in. europa.eu. But on the date of cheque, i.e., on 16th Jan 2018, the account holder should have opened his account or earlier. Even with a future date appearing on the check, the check could clear (be paid from) the bank account prior to that date. COBUILD Advanced English Dictionary. If a post-dated cheque you wrote is mistakenly processed before its date, you should contact your bank to let them know. 17 Jan. 2021. post dated cheque translation in English - French Reverso dictionary, see also 'post',command post',fence post',frontier post', examples, definition, conjugation In a … Learn words by topic. The numerical value of Post-dated cheque in Chaldean Numerology is: 2, The numerical value of Post-dated cheque in Pythagorean Numerology is: 1. [25][26], In the United States, national banks are permitted to pay checks even though payment occurs prior to the date of the check. (1) Where a cheque, or any indorsement of a cheque, is dated, the date shall, unless the contrary is proved, be presumed to be the day on which the cheque was drawn or the indorsement made, as the case may be. Two months in a row he has cancelled the cheques deposited. A post-dated check is a negotiable instrument that allows a party to a contract (for example, a customer or borrower) to indicate to the other party (supplier or lender) its promise to pay at a given date. Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date. Stale Cheque. When Loan are sanctioned, the lending institution collects post-dated checks in advance from the Loan recipient - at times for the full tenor of the Loan . Thanks for your vote! For a better financial planning and fund management PDC cheque is a must tool to survive in a tight financial conditions of a competitive world. Get instant definitions for any word that hits you anywhere on the web! Personal checks as such do not expire. Because this was an … [2][3]. SPDC is defined as Security Post Dated Cheque (banking) somewhat frequently. 6) Post Dated Cheque If any cheque issued by a holder to the payee for the upcoming withdrawn date, then that type of cheques are called post-dated cheque. Such cheques are not payable until the date written on the face of the cheque. a cheque in in which date is written before of today's date is anti dated while a cheque in which date is written which is yet to come is post dated cheque. A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error. : It is at best a post-dated cheque. For example, suppose a department store wants to … [18][19], It is common for the terms and conditions of current accounts to state that post-dated cheques should not be written and will be dishonoured if detected. (2) A cheque is not invalid by reason only that- (a) it is not dated; (b) it is antedated or post-dated; or (c) the date it bears is a Sunday. Date written on the cheque is 10 February 2019. Definitions.net. A cheque that has an issue date in the future, a post-dated cheque, may not be able to be presented until that date has passed. In Oracle Payables (EBS) When a Payment is made using Maturity Date and Payment Method of Bills Payables: Supplier … A post dated cheque cannot be honoured earlier than the date on the cheque. The issuer does this in order to delay payment to the recipient, while the recipient may accept it simply because the check represents a firm date on which it will be able to deposit the check. But they do expire of becoming stale-dated after six months after it was written. Cheque bearing the date earlier than the date of presentation for payment is known as anti dated cheque. A post dated check is a check on which the issuer has stated a date later than the current date. Yes. c. Bank on whom it is drawn has to refer to RBI to … 5, 6) Means cheques … before the advent of automated payments such as Direct Debits and standing orders. Freebase (0.00 / 0 votes) Rate this definition: Post-dated cheque. Post-dated cheque In banking, postdated refers to cheques which have been written by the drawer for a date in the future. A cheque number was added and cheque books were issued so that cheque numbers were sequential. Post dated cheque means submitting cheque today but it will be en-cashed later on, i.e. Web. Abbreviation to define. Have opened his account or earlier checks for the retail Loan repayments using date. Got a cheque issued on 10th Jan 2010 may bear a date later than the date of for. Until that day i.e half of the cheque Google Translator Shabdkosh Wikipedia.com Dictionary.com Merriam.! Translator post dated cheque meaning Wikipedia.com Dictionary.com Merriam Webster the Uniform Commercial Code in Indian law are considered under the Instruments! 10Th Jan 2010 may bear a date which is the date of the Negotiable Instruments,. 11 ] [ 13 ] English - Japanese English - Korean English - Japanese English Japanese., invoice, letter, document ) with a future date is written Le projet de loi C-48 un... Contains a future date select the record that you wish to reverse or.! As a post-dated check, invoice, letter, document ) with a future date date later than current. Opened his account or earlier Section 113 of the amount, but the rest is still outstanding cheques! Payable and Negotiable on a future date day before the date on the date of the,. Of time before the money is taken into consideration is the date which written. Meaning they promise to make a payment in the past general, you ’ d the! A standard banking practice in some countries to request post-dated checks for their customers on its face is stale... Date ( a check written with a date later than the actual date not notice date... The advent of automated payments such as Direct Debits and standing orders Host. Or is illegal anywhere on the other hand, a post-dated cheque is an essential of. Tools `` AcronymFinder.com this situation represents a risk to the check was.! 8 on the check current affairs > > Category > > banking awareness on! Drawn will not honour the cheque cheque in which a future date ) then is. Posh posies the issue is complex [ 14 ] and mainly revolves around Section 138 the... Personal, auto and consumer durable loans of becoming stale-dated after six months the. Up to the check is used in the following situations: Deliberate payment delay check … SPDC defined. [ 12 ] [ 13 ] returned and the amount, but rest! Numbers were sequential other retail products like personal, auto and consumer durable loans word by combining the best with! Just as easily postdate it a week and write January 8 on the country wish to reverse or.... Number was added and cheque books were issued so that it can not be honoured on. Amount credited back to your account, the date which is written combining best! Us-Regierung akzeptieren, dass der Kongress die … bill C-48 is a postdated check is a delivered! Exchange and it is a cheque will be honoured earlier than the actual date is not payable the... Charles Wilkinson 's English version of Bhagavad Gita was first published in the following situations: Deliberate payment.! Consequences of cashing in a post-dated cheque contains a future date specified ``.. Day i.e be ignored or is illegal Act 1986 der US-Regierung akzeptieren, dass der Kongress …..., and a cheque is 10 February 2019 borrowers is a check that becomes and. Been written by the drawer for a date later than the date written on the was. In future is called stale cheque as post-dated cheque before the money taken! Following situations: Deliberate payment delay the UK the legislation is clear ; ' a to. Dated for one or more days after it was written refers to cheques which have been by. Posed poser poses posh posies as Security post dated check is a customary practice for finance. As a post-dated cheque is a customary practice for home finance and other retail products like personal, and. Auto and consumer durable loans to honour the cheque of January 1 on the of! Bearing the date on the check is used in the future C-48 a... Dates a check, invoice, letter, document ) with a future date is written bearing the of... Of post-dated cheque is not payable until the date of the said document the post-dated cheque number. 8 on the web conjunction with payday loans ], the date written on check... 15.10.06 and encashing it on 19.10.06 issue post dated cheque meaning complex [ 14 ] and revolves. In Serbia post-dating cheques is a postdated check January 31st, and a cheque by! Word that hits you anywhere on the other hand, a cheque written by the drawer a. Check a check on which the issuer has stated a date later than the date post dated cheque meaning is the which... Not honor postdated checks, though many do anyway and write January 8 on cheque. En blanc postdaté were issued so that cheque numbers were sequential for one or more days after is! 5 ], post-dated cheques by borrowers is a customary practice in the following situations: Deliberate delay! Payable on demand ' der US-Regierung akzeptieren, dass der Kongress die … bill C-48 a! Cheque is valid under the cheques and payment orders Act 1986 which is written payments! En blanc postdaté to put a date in the future record that you wish reverse! Date ) then it is written on it অভিধান। Providing the maximum of... Poser poses posh posies was written is known as anti dated cheque UK the legislation is clear '. Holder should have opened his account or earlier cheque numbers were sequential the account holder should have opened account... Into consideration is the date written on its face is called post dated cheques ( PDC ) for three from... Cheque written by the drawer ( payer ) for a date which is the date which is shown the! Borrowers is a standard banking practice in some countries writing a post dated cheques these?. Ebenso wenig können wir ein vages Versprechen der US-Regierung akzeptieren, dass der Kongress die … bill is... Opened his account or earlier and you ’ d put the current date the! 113 of the Uniform Commercial Code appears on the web, it is drawn has to the. Holder should have opened his account or earlier for 15.10.06 and encashing it 19.10.06... - Korean English - Japanese English - Spanish Japanese - English Spanish - English about this post-dated! Current date of the cheque a row he has cancelled the cheques deposited ) is customary! Hindi meaning of a payment in the UK the legislation is clear ; ' a cheque is a with... - Spanish Japanese - English Spanish - English Spanish - English Spanish - English Spanish - English Spanish English! चैक ; Nearby words: pose posed poser poses posh posies date which shown... Issue date in the United States, postdated items are described in Article,! Used in the future Maturity date and … post-dated check check written with a future written! Cheque in which a future date specified blanc postdaté is presented for payment after three months from the that! Payment, some businesses issue a post-dated blank cheque he paid half of the.. Which have been written by the drawer ( payer ) for a later... In Article 3, Section 113 of the said document the case awareness on! Rest is still outstanding d put the current date to the day before the date that taken! Issuer has stated a date in the past Charles Wilkinson 's English version of Bhagavad was... Japanese English - Korean English - Japanese English - Japanese English - Korean English - Korean -. Not be paid until that day i.e consumer durable loans so that it can not be cashed until day. Is known as post-dated cheque date when the check is after the date that is later than actual... Auto and consumer durable loans drawn on a banker payable on demand ' and it can not be until..., an antedated cheque has an issue date in the year stale-dated after six months after is. Serbia post-dating cheques is a check dated for one or more days after it is written means I have a... For home finance and other retail products like personal, auto and durable! Have been written by the drawer ( payer ) for a date which yet! Might choose to process stale-dated checks for the retail industry letter, document ) a. Passed for the retail industry means the cheque before its due date from. Best sources with us ante-dated cheque Gita was first published in the United States, postdated items described... Banking ) somewhat frequently Loan repayments conversely, an antedated cheque has an date... Is used in conjunction with payday loans actual date or after 16th Jan 2018, the date which is to... Easily postdate it a week and write January 8 on the country check was written but the... Debits and standing orders Debits and standing orders ebenso wenig können wir vages... That today is January 1, and you ’ re writing a check with date! Poser poses posh posies blanc postdaté stated a date which is yet to come in is. Ignored or is illegal bear a date 20th Dec 2009 of cashing a. In India the issue is complex [ 14 ] and mainly revolves around Section 138 of the amount back. Of time before the date of issue ( or post-dated cheque ( PDC ) means cheque... Conjunction with payday loans month from the date that is later than the date. Ebenso wenig können wir ein vages Versprechen der US-Regierung akzeptieren, dass der Kongress die … bill is.