In Bangladesh, under the negotiable instruments act, 1881 section 21C A promissory note, bill of exchange or cheque is not invalid by reason only that it is anti-dated or post-dated.In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it. In India the issue is complex and mainly revolves around article 138 of the Negotiable Instruments Act, 1881.It's not illegal to postdate a check, unless you're attempting to commit fraud.You can land in legal trouble if you intentionally postdate a check knowing there will be no money in your account or the account will be closed by the check's date.Unlike a normal check, a postdated check is not necessarily payable on demand.Since this kind of check is not payable on demand, most states refuse to cover postdated checks under bad check laws.If you choose to accept a postdated check, you run the risk that the person who wrote the check could close their account before you deposit the check, or that their account will not have sufficient funds when you deposit the check.
In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'.
People typically do this when they want to give a check to someone but aren't certain they'll have enough money in their account until a certain date to cover it.
State and federal laws cover the cashing and depositing of postdated checks, and laws vary from state to state.
ATTENTION - BEGINNING - CERTAINTY - EARLINESS - EARLY HOUR - FOREGLEAM - FORESIGHT - HEAD START - IMMINENCE - INTUITION - MISDATING - MISTIMING - PREDATING - PREVISION - PROLEPSIS - PROVISION - READINESS - TARDINESSANTEDATING - ANTICIPATE - BEGINNINGS - CONFIDENCE - DISCRETION - EARLY STAGE - EXPECTANCE - EXPECTANCY - FIRST CRACK - FIRST STAGE - FOREBODING - FOREGLANCE - FORESEEING - LOVING CARE - POSTDATING - PRECAUTION - PRECEDENCE - PRECEDENCY - PRECESSION - PREDICTION - PREVENTION - PROVIDENCE - SIXTH SENSE - SOLICITUDEANACHRONISM - ANTECEDENCE - ANTECEDENCY - ANTERIORITY - CAREFULNESS - EXPECTATION - FOREGLIMPSE - FORETHOUGHT - GROUND FLOOR - HEEDFULNESS - INSPIRATION - INTUITIVISM - MINDFULNESS - PREPARATION - PREVENIENCE - PROBABILITY - PROCHRONISM - PROSPECTION - SECOND SIGHT - TIME TO SPAREANTICIPATION - APPREHENSION - CLAIRVOYANCE - EARLIER STATE - ENVISAGEMENT - ENVISIONMENT - INTUITIONISM - LOOKING AHEAD - METACHRONISM - PARACHRONISM - PRECOGNITION - PREEXISTENCE - PREPAREDNESS - PRESENTIMENT - RUNNING START If you have a moment, please use the voting buttons (green and red arrows) near the top of the page to let us know if we're helping with this clue.
We try to review as many of these votes as possible to make sure we have the right answers.