Postdated

Postdated

In banking, postdated refers to checks which have been written by the maker for a date in the future. In the United States postdated items are described in Article 3, Section 113 of the Uniform Commercial Code. Postdated checks are often used in conjunction with payday loans.

Many banks will honor postdated checks, even if they are deposited before the postdate. The only exception is when a business check (usually a loan check or a paycheck) has "Do Not Deposit Before xx/xx/xxxx" printed on the check.

In the United Kingdom post-dated cheques/checks carry no legal weight and therefore can be cashed before the due date. However a bank can refuse to accept them if the post-date is spotted; if it isn't the payer has no right to take any form of legal action against the bank for letting the cheque be processed.

ee also

*antedated

References

* [http://www.law.cornell.edu/ucc/3/article3.htm#s3-113 3 UCC 113 from the Cornell Law Center's online version of the Uniform Commercial Code]


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  • Postdated — Any check or draft that has a future date written upon it by the user. The amount of the check will not be drawn from the account until the date written on the check. For example, a check written on the 14th of the month but dated for the 28th… …   Investment dictionary

  • Postdated — Postdate Post date , v. t. [imp. & p. p. {Postdated}; p. pr. & vb. n. {Postdating}.] [Pref. post + date.] 1. To date after the real time; as, to postdate a contract, that is, to date it later than the time when it was in fact made. [1913 Webster] …   The Collaborative International Dictionary of English

  • postdated check — A check that is dated in the future, so it cannot be cashed until that date. Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009. postdated check …   Law dictionary

  • postdated instrument — An instrument for the payment of money dated as of a day after the execution and delivery of the instrument. 11 Am J2d B & N § 208. See postdated check …   Ballentine's law dictionary

  • postdated — Synonyms and related words: ahead of time, anachronistic, antedated, beforehand, behind time, behindhand, dated, early, foredated, late, metachronistic, misdated, mistimed, out of date, out of season, overdue, parachronistic, past due,… …   Moby Thesaurus

  • postdated — pəʊst deɪtɪd adj. inscribed with a future date (i.e. a check)v. inscribe with a future date (on a check, etc.) …   English contemporary dictionary

  • postdated bill — promissory note that is registered with a date later than the date of issue …   English contemporary dictionary

  • postdated check — check dated later than the current day to postpone payment …   English contemporary dictionary

  • postdated check depositing — depositing a check whose payment date is later than its deposit date …   English contemporary dictionary

  • postdated cheque — check dated later than the current day to postpone payment …   English contemporary dictionary

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