Search results
Results from the WOW.Com Content Network
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.
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...
If you need more time to pay, there are a few things you can try in place of a postdated check. First, you could ask the person or entity that you owe money to for more time to pay.
When writing out paper checks, there are several key pieces of information to include. Along with the payee's name and amount, you'll also need to add the date the check was written. If you'd like ...
If the check you are trying to cash is post-dated, meaning it has been made out to be cashed or deposited on a future date, the bank may deny cashing it. In this case, you would have to wait for ...
This bank and insurance -related article is a stub. You can help Wikipedia by expanding it.
Writing a paper check to make a payment is safer than carrying around lots of cash. But if a check bounces, it can be expensive and awkward, especially if you know the payee.
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.