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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.
Technically, you can deposit or cash a postdated check as soon as you receive it. That’s because postdating a check does not obligate the person who receives it or the bank to honor the date on ...
EFT transactions are known by a number of names across countries and different payment systems. For example, in the United States , they may be referred to as "electronic checks " or "e-checks". In the United Kingdom , the term " BACS Payment", "bank transfer" and "bank payment" are used, in Canada , " e-Transfer " is used, while in several ...
Post-dated cheque From a modification : This is a redirect from a modification of the target's title or a closely related title. For example, the words may be rearranged.
An online dictionary is a dictionary that is accessible via the Internet through a web browser. They can be made available in a number of ways: free, free with a paid subscription for extended or more professional content, or a paid-only service.
The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of a fine. Payments can be effected in a number of ways, for example: the use of money, whether through cash, cheque, mobile payment or bank ...
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An antedated contract is a contract whose date is in the past; formally, a contract where the effective date on the contract is prior to the date on which the contract is executed (written, signed, made effective).