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  2. Post-dated cheque - Wikipedia

    en.wikipedia.org/wiki/Post-dated_cheque

    Post-dated cheques are common and enforceable. [9] 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.

  3. Date rolling - Wikipedia

    en.wikipedia.org/wiki/Date_rolling

    In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case, the date is moved forward or backward in time such that it falls in a business day, according to the same business calendar. The choice of the date rolling rule is conventional.

  4. 6 Reasons Why the Bank Won’t Cash Your Check - AOL

    www.aol.com/6-reasons-why-bank-won-202150098.html

    Often this grace period is between 90 to 180 days so if you have been sitting on a check for a while, you may have difficulty cashing it at more conservative banks.

  5. Dishonoured cheque - Wikipedia

    en.wikipedia.org/wiki/Dishonoured_cheque

    A dishonoured cheque (also spelled check) is a cheque that the bank on which it is drawn declines to pay (“honour”). There are a number of reasons why a bank might refuse to honour a cheque, with non-sufficient funds ( NSF ) being the most common, indicating that there are insufficient cleared funds in the account on which the cheque was drawn.

  6. Banker's acceptance - Wikipedia

    en.wikipedia.org/wiki/Banker's_acceptance

    A banker's acceptance starts with a deposit in the amount of the future payment plus fees. A time draft to be drawn on the deposit is issued for the payment at a future date, analogous to a post-dated check. The bank accepts (guarantees) the obligation to pay the holder of the draft, analogous to a cashier's check.

  7. What to do when your mortgage forbearance period ends - AOL

    www.aol.com/finance/mortgage-forbearance-period...

    This involves permanently changing your mortgage terms, like the repayment period, interest rate or principal balance, to make the monthly mortgage payments more affordable. If the lender agrees ...

  8. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 15 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

  9. Mortgage and refinance rates for Dec. 23, 2024: Holiday week ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    Unlike a fixed-rate mortgage, which locks in an interest rate and predictable payments that apply over the full loan term, an ARM starts at an initial fixed rate for a period of three years or ...