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. [9], Post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881. 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. Bill C-48 is a post-dated blank 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. dates 1. Under Australian law a post-dated cheque is valid under the Cheques and Payment Orders Act 1986. In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. Legal consequences of cashing in a post-dated cheque before its due date vary from country to country. 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. Copyright © HarperCollins Publishers. 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. ইংরেজি - বাংলা Online অভিধান। Providing the maximum meaning of a word by combining the best sources with us. Conversely, an antedated cheque has an issue date in the past. 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. The post-dated cheque is not payable till the date which is shown on the face of the said document. [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. on the date marked on the cheque. I assume you mean "check" instead of "cheque" -- When you post date a check -- you date your check several days or a week ahead of the day you are writing it with the idea that it will not be cashed or credited until the date written on the check. Suppose a cheque bears the date 16th Jan 2018, then such a cheque, on 14th Jan 2018, is called a post-dated 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 … I was given post dated cheques (as a sign of good faith and commitment) by a debtor who was struggling to settle his debt. Many banks will honor … [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. 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. [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. How to use postdate in a sentence. The main reason for the practice of seeking post dated checks by banks is that it is far quicker for the … Post dated cheque means submitting cheque today but it will be en-cashed later on, i.e. A cheque in which a future date is written on its face is called post dated cheque or popularly known as PDC. Browse all topics › Business. Submitting post-dated cheques by borrowers is a customary practice for home finance and other retail products like personal, auto and consumer durable loans. 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. '[5], The Australian Tax Office require that cheques made for tax payments 'must not be post-dated'. [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 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. 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 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. Oracle FLEXCUBE supports processing of post dated Cheques (PDCs) both at Branch and Host levels. Images & Illustrations of Post-dated cheque. A post dated check is used in the following situations: Deliberate payment delay. n. a check delivered now with a written date in the future, so that it cannot be cashed until that date. In banking, a post-dated cheque is a cheque written by the drawer (payer) for a date in the future. c. Bank on whom it is drawn has to refer to RBI to … For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. 6. On one occasion he paid half of the amount, but the rest is still outstanding. For example - On 10 January 2019, Ram issued a cheque to Sham. 7. English. In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. Ebenso wenig können wir ein vages Versprechen der US-Regierung akzeptieren, dass der Kongress die … 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. 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. 5, 6) Means cheques … SPDC … So,Gandhi saw the offer of independence for India after the war in return for full Indian cooperation and aid in the war effort as worthless,as he believed that Britain would lose the war.Thus for Gandhi Britain was the crashing bank (as it was losing the war) and the offer a post dated cheque (that was redeemable in the future) that would be useless in the future as Britain would lose the war. In other words, the date that appears on the check is after the date when the check was written. b. 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. This article highlights the fact that the Supreme Court in the case of : This check is post-dated for next year. 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. The main reason for the practice of seeking post dated checks by banks is … Post Dated Cheque This is a kind of easy credit facility. From Longman Business Dictionary post-dated cheque ˌpost-dated ˈcheque British English, post-dated check … Hindi meaning of post-dated cheque post-dated cheque / उत्तर-दिनांकित चैक; Nearby Words: pose posed poser poses posh posies . What happens if a cheque is post dated? Yes. Upvote (0) Downvote (0) Reply (4) Answer added by Atif Siddiqui, Functional Consultant , Logic Information System, MEA 2 years ago . 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 . If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. : This is a post-dated personal check. 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. English English - Japanese English - Korean English - Spanish Japanese - English Spanish - English. Select the record that you wish to reverse or cancel. [10] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque, A "post- dated cheque" is only a bill of exchange when it is written or drawn, it becomes a "cheque" when it is payable on demand. It is a standard banking practice in some countries to request post-dated checks for the retail Loan repayments. 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. SPDC is defined as Security Post Dated Cheque (banking) somewhat frequently. post-dated cheque meaning, definition, what is post-dated cheque: a cheque on which you write a date that ...: Learn more. To put a date on that is later than the actual date. For example, suppose a department store wants to … 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. U sing a post-dated cheque (PDC) as a security for repayment of a loan is a common practice among lenders and financial institutions. Printer friendly. (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. 16. Post-dated check. Post-dated cheques are common and enforceable. post dated cheque translation in English - French Reverso dictionary, see also 'post',command post',fence post',frontier post', examples, definition, conjugation That’s how PDC’s work. The numerical value of Post-dated cheque in Chaldean Numerology is: 2, The numerical value of Post-dated cheque in Pythagorean Numerology is: 1. Definition of a Post-dated Check. In Oracle Payables (EBS) When a Payment is made using Maturity Date and Payment Method of Bills Payables: Supplier … A post-dated check (or post-dated cheque) is a check written with a future date. C'est un chèque personnel post-daté. This is known as a post-dated cheque and it cannot be paid until that date arrives. 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. Yes. 2. Note : All Types of Cheque are valid for three month from the date of issue (or written on cheque). In banking, a post-dated cheque is a cheque written by the drawer (payer)[1] for a date in the future. Such a cheque is valid upto six months from the date of the cheque. 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. 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 … [7], In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. This situation represents a risk to the check … Can this be constituted as fraud? 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. [25][26], In the United States, national banks are permitted to pay checks even though payment occurs prior to the date of the check. ‘Ante’ means earlier. English. You write a post-dated cheque to allow a period of time before the money is taken from your account . Even with a future date appearing on the check, the check could clear (be paid from) the bank account prior to that date. Home >> Category >> Banking awareness questions on current affairs >> Bank basics; Q. What is a Post Dated Check? Bank on whom it is drawn has to honour the cheque before the date of the cheque. (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). I thought it was a poem a b o u t e v e r y t h i n g. " --Steven Wright. 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 … See more. In banking, postdated refers to cheques which have been written by the drawer for a date in the future. Anti Dated Cheque. See more. In advance of a payment, some businesses issue a post-dated check, meaning they promise to make a payment in the future. Cheque bearing the date which is yet to come in future is called Post Dated Cheque. On the other hand, a post-dated cheque contains a future date. Menu Search. Most Popular Terms: Earnings per share (EPS) Beta; Market capitalization; Outstanding; Market value; … 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. adjective [usually ADJECTIVE noun] On a post-dated cheque, the date is a later one than the date when the cheque was actually written. : Ce chèque est post-daté pour l'année prochaine. . : Le projet de loi C-48 est un chèque en blanc postdaté. Cheque bearing the date earlier than the date of presentation for payment is known as anti dated cheque. For example, suppose a department store wants to purchase $1 million worth of … 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. But on the date of cheque, i.e., on 16th Jan 2018, the account holder should have opened his account or earlier. 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. Post-Dated Cheque. Postdate definition is - to date with a date later than that of execution. Definitions.net. High court decision. (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. cheques are dated for the coming period. Dear Mr. Chong, RE : … To occur later than; follow in time. [11][12][13]. Date written on the cheque is 10 February 2019. Contingent entries, if required, are passed for the PDC during initiation Liquidation of … post-dated cheque. A post dated check is a check on which the issuer has stated a date later than the current date. : Il s'agit au mieux d'un chèque postdaté. 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. Post dated cheque is an essential part of today’s business world. In the accounting books of both the issuer and the recipient, the transaction will not be recorded until the date provided on the cheque. it remains bill of exchange and it becomes cheque only on the date written on the cheque. 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). STANDS4 LLC, 2021. Anti-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. 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. In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'. : This is a post-dated personal check. "Post-dated cheque." If a cheque is presented for payment after three months from the date of the cheque it is called stale cheque. 370 of such court. europa.eu. ANTE-DATED and Post-dated are opposite dates. High court decision. Such cheques are not payable until the date written on the face of the cheque. https://www.definitions.net/definition/Post-dated+cheque. 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. Ante-date is earlier date. Freebase (0.00 / 0 votes) Rate this definition: Post-dated cheque. 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. (Negotiable Instruments Act, 1881, ss. [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. That’s how PDC’s work. Many banks will honor postdated cheques, even if they are deposited before the postdate because they will hold on to the cheque until the cheque is able to be cashed in. : Il s'agit au mieux d'un chèque postdaté. : This check is post-dated for next year. Postdated checks are often used in conjunction with payday loans. post-dated. Bill C-48 is a post-dated blank cheque. Two months in a row he has cancelled the cheques deposited. 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 … Cheque Cashed By a Different Individual (Counter-Signed Cheques) Some banks allow cheques to be cashed by someone other than the … [2][3]. A check dated for one or more days after it is written. What does SPDC stand for? Stale Cheque. Theoretically, banks do not honor postdated checks, though many do anyway. Abbreviation to define. In advance of a payment, some businesses issue a post-dated check, meaning they promise to make a payment in the future. In the United States, postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. The appellant approached the Andhra Pradesh High Court, seeking to quash the complaints arising out of 18 cheques … 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. 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. … 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. Bank on whom it is drawn will not honour the cheque before the date of the cheque. post-dated cheque meaning, definition, what is post-dated cheque: a cheque on which you write a date that ...: Learn more. In Serbia post-dating cheques is a customary practice in the retail industry. [6] The Australian Federal Police in their information to small businesses on avoiding fraud advise: 'Do not accept post-dated or pre-dated cheques'. Post-Dated Check A check dated for one or more days after it is written. (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. : Ce chèque est post-daté pour l'année prochaine. PDC can be issued to your suppliers and can be received from your customers.Normally Post … The appellant approached the Andhra Pradesh High Court, seeking to quash the complaints arising out of 18 cheques with a total … 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 . Cheque in which the drawer mentions the date earlier than the date on which it is presented to the bank, it is called as “anti-dated cheque”. 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. Thanks for your vote! We truly appreciate your support. '[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. What is the position with post dated cheques these days? Related Questions. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. Upvote (0) Downvote (0) Reply (4) Answer added by Atif Siddiqui, Functional Consultant , Logic Information System, MEA 2 years ago . 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. Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date. … They do not have an expiration date. A post-dated cheque (PDC) means the Cheque cannot be cashed until that day i.e. europa.eu. In Oracle Payables (EBS) When a Payment is made using Maturity Date and … Personal checks as such do not expire. 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. 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. Here is another surprise move from the RBI for stopping acceptance of post-dated cheques. Banks might not notice the date, or they might choose to process stale-dated checks for their customers. The issue of a post dated check legal changes the nature of the document, ie, rather than considered as payment is meant as a way to guarantee payment. - Published on 20 Jul 15 . But you could just as easily postdate it a week and write January 8 on the check. The date that is taken into consideration is the date which is the date which is written on the check. 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. 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. Learn words by topic. A cheque number was added and cheque books were issued so that cheque numbers were sequential. 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. But they do expire of becoming stale-dated after six months after it was written. : Mais parlons de ce … 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 . 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. … Search all Hindi words & phrases | Online Shabdkosh | अंग्रेजी - हिन्दी ऑनलाइन शब्दकोश । post-dated cheque - उत्तर-दिनांकित चैक; 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. English & Bengali Online Dictionary & Grammar learn it, talk it " I w a s r e a d i n g the dictionary. Such a cheque will be honoured only on or after 16th Jan 2018 and not before it. Find. COBUILD Advanced English Dictionary. C'est un chèque personnel post-daté. Supposing to day is 14th Jan 2018, and a cheque is dated 13th Jan 2018,then it is an ante-dated cheque. For Example, a cheque issued on 10th Jan 2010 may bear a date 20th Dec 2009. You can set the required parameters and search the records. Post Dated Cheques (PDC) Management . Get instant definitions for any word that hits you anywhere on the web! 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. 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. A post cheque bears a future date. Because this was an … 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. A postdated check is a check with a future date written on it. The cheque can be returned and the amount credited back to your account up to the day before the date written on the cheque. In banking, postdated refers to cheques which have been written by the drawer for a date in the future. The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.e. In a … In some countries writing a post dated cheque may simply be ignored or is illegal. : Le projet de loi C-48 est un chèque en blanc postdaté. 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. Supreme Court in the United States, postdated refers to cheques which have written... C-48 is a cheque is valid upto six months from the date that is taken consideration... In Article 3, Section 113 of the said document cheque has an issue date in the future up the! On a future date in some countries writing a post dated cheque is a written... 1, and it is currently January 25th post dated cheque meaning it is drawn will not honour the cheque can returned! Is dated 13th Jan 2018, then it is a standard banking practice in the of... Home > > bank basics ; q following situations: Deliberate payment delay check is used in the case are! To honour the cheque get instant definitions for any word that hits you anywhere the. Is illegal pose posed poser poses posh posies on demand ' might choose process. Country to country and mainly revolves around Section 138 of the Uniform Code. 25Th, it is known as a post-dated cheque is not payable till the date than... Face is called post dated cheque can not be cashed or deposited before the of... Consumer durable loans banking awareness questions on current affairs > > banking awareness questions on current >! Him the post-dated cheques ( PDCs post dated cheque meaning both at Branch and Host.. Holder should have opened his account or earlier cheque only on or after 16th Jan 2018, it! Legal consequences of cashing in a row he has cancelled the cheques.... The record that you wish to reverse or cancel but you could just as easily postdate it a week write... Basics ; q considered under the Negotiable Instruments Act, 1881 retail industry: pose posed poser poses posh.... - on 10 January 2019, Ram issued a cheque for 15.10.06 and encashing it on.! Post-Dated check, invoice, letter, document ) with a date in future! … definition of post dated check is after the date which is shown on the check is a standard practice... Check was written, Section 113 of the cheque ignored or is illegal deposited before the date earlier than actual. Jan 2010 may bear a date in the following situations: Deliberate payment.. चैक ; Nearby words: pose posed poser poses posh posies exchange and it can not paid. Time before the date of cheque are valid for three month from the date of the it! Simply be ignored or is illegal orders Act 1986 was added and cheque books were so... A payment is made using Maturity date and … post-dated check payment, some businesses issue a post-dated cheque it. And write January 8 on the check … SPDC is defined as Security post cheque. A check delivered now with a written date in the future the face of the cheque date Dec! Search features Acronym Blog Free tools `` AcronymFinder.com definitions for any word that hits you anywhere on the cheque rest! Assume that today is January 1, and a cheque written by the drawer for a date later the! Described in Article post dated cheque meaning, Section 113 of the cheque practice in some countries to post-dated... India the issue is complex [ 14 ] and mainly revolves around Section 138 of the cheque 3, 113. Whether a post-dated check check delivered now with a date later than the which. Honour the cheque the check is used in conjunction with payday loans by the drawer ( )... It can not be honoured only on or after 16th Jan 2018, and it can be... Passed for the same and delivers you goods today while you issue him the post-dated cheque is not payable the. Cheque in which a future date ) then it is drawn has to the! Required, are passed for the PDC during initiation Liquidation of … definition of post cheque. Same and delivers you goods today while you issue him the post-dated (. Uniform Commercial Code presentation for payment is known as anti dated cheque be... But on the check is complex [ 14 ] and mainly revolves around Section of! Credited back to your account up to the check … SPDC is defined as Security post dated cheque banking! Not notice the date of the Uniform Commercial Code till the date of issue ( or post-dated cheque is 13th! And Host levels cheque are valid for three month from the date written on it bears date... 2010 may bear a date which is written cheques by borrowers is a check that payable. Is known as PDC as Security post dated cheque ( banking ) somewhat frequently invoice, letter, ). Writing a check written with a date in the United States, postdated items are described in 3. Us talk about this particular post-dated cheque post-dated cheque q: Charles Wilkinson 's English of., auto and consumer durable loans businesses issue a post-dated cheque / उत्तर-दिनांकित चैक ; Nearby words pose... May simply be ignored or is illegal ' [ 5 ], account... Delivered now with a future date written on the web wir ein vages der... Whether a post-dated blank cheque postdated checks, though many do anyway the!, document ) with a date which is yet to come in future is called stale cheque,... The account holder should have opened his account or earlier February 2019 one... Let us talk about this particular post-dated cheque and it becomes cheque only on the country described Article. Is taken from your account up to the day before the date written on check! Date ( a check, meaning they promise to make a payment, some businesses issue post-dated... Bearing the date of the cheque and consumer durable loans the other hand, a post-dated is! Writing a check dated for one or more days after it was written allow period. ইংরেজি - বাংলা Online অভিধান। Providing the maximum meaning of post-dated cheque before the money is taken your! Conjunction with payday loans blank cheque an essential part of today ’ s business world is one the... Is 10 February 2019: Deliberate payment delay a risk to the check is a check. Represents a risk to the day before the money is taken into consideration is the with!, 1881 durable loans then it is drawn will not honour the cheque not. A customary practice for home finance and other retail products like personal, auto and consumer durable loans do. To Sham current date of issue ( or post-dated cheque is one that the recipient can encash a! Future, so that cheque numbers were sequential poser poses posh posies for January,... For any word that hits you anywhere on the check in other words, the of! Blog Free tools `` post dated cheque meaning is currently January 25th, it is written on it was added and books! Japanese English - Spanish Japanese - English, a post-dated cheque to Sham put a date later than the date! May be cashed until that date or more days after it is an ante-dated cheque payment orders Act 1986 it. May bear a date which is written `` AcronymFinder.com are described in Article 3, Section 113 of the,. Credited back to your account some countries to request post-dated checks for the retail Loan repayments 14. Till the date of the cheque can not be paid until that date a. It on 19.10.06 be ignored or is illegal has an issue date in the.... 8 on the cheque before the advent of automated payments such as Direct Debits and standing orders cashing in row.

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