Search results
Results From The WOW.Com Content Network
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.
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.
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.
My first indication of trouble was a flurry of overdraft fee notices from Chase. I knew the balance was low, but nowhere near zero, so I checked my recent transactions. I found that they had ...
Antedated contract, takes effect earlier than its signing date; Antedated cheque, dated earlier than its date of signing; See also. Backdating; Chronological dating
Pages for logged out editors learn more. Contributions; Talk; Antedated check
In financial transactions, a warrant is a written order by one person that instructs or authorises another person to pay a specified recipient a specific amount of money or supply goods at a specific date. [1]
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.