postdated check
Tomorrow's money today
A postdated check bears a date in the future rather than the date it was written.
The writer intends it not to be cashed until that later date, often to align with an expected deposit or payday: She gave her landlord a postdated check for the first of the month.
Banks may honor postdated checks early regardless, so the practice carries risk.
- endorsementFormal expression of support
- grace periodAllowed delay before consequences
- promissory noteWritten debt obligation
- written promiseFormal documented assurance
- fraud preventionStopping dishonest financial activity
installment plan · payment plan · pay later · deposit slip · credit risk · statute of limitations · deferred payment · overdraft protection · bank account · contract law · insufficient funds · clearinghouse · electronic funds transfer · bank draft · reconciliation · account statement · legal tender · forward contract
- checkspaycheck, preflight, final review, checkup, checklist
- financial instrumentspromissory notes, bond fund, cheque, government bond, bank drafts
- payday loanspayday loan, payday loans, cash advance, rollover, fee
- negotiable instrumentsbill of exchange, promissory note, promissory notes, bank draft, cheque
postdated checkcash
Ready spending funds
cash on delivery · wire transfer · instant transfer · certified check · cashier's check
post, date, check, dated, dates, dating, postdate, postdates, postdating