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In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past. In the United States antedated cheques are described in the Uniform Commercial Code 's Article 3, Section 113.
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). The term is from Latin ante meaning "before", and its antonym is postdate.
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Post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881.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 cheque (or check in American English; see spelling differences) is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
Tamil does not have an equivalent for the existential verb to be; it is included in the translations only to convey the meaning. The negative existential verb, to be not , however, does exist in the form of illai (இல்லை) and goes at the end of the sentence (and does not change with number, gender, or tense).
Cheque truncation (check truncation in American English) is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque clearance, involving data matching and verification, is done using digital images instead of paper copies.