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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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Print/export Download as PDF; Printable version; In other projects ... Antedated cheque, dated earlier than its date of signing; See also
Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it.If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask their financial institution to return the amount until the day before the cheque should have been cashed.
list), or may suspend the check-writer's privileges until the check-writer has made good on the debt. The recipient may also choose to report the writer to a database service. This may lead to other merchants in the future refusing to accept checks from the writer or a joint account holder, or the writer having trouble obtaining a checking ...
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.
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.