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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.
For example, say you write out a check to pay your rent on the 28th of the month. However, your property owner gives you up to the first five days of the month to pay.
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For example, if you are a business owner who wants to cash a check written out to your business, this shouldn’t be an issue. ... a business account with the bank under the business name. If you ...
A banker's acceptance is a document issued by a bank institution that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank.
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).
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. Conventional rules used in finance are: Following business day: the payment date is rolled to the next business day.
Ellen DeGeneres is setting the record straight about the status of her new U.K. home amid severe storms that devastated parts of the U.K.. After reports circulated over the weekend that the former ...