ante dated cheque

A post-dated check (or post-dated cheque) is a check written with a future date. A date certain is the legally binding date by which a specified action must occur, according to a particular contract. In banking, ante-dating refers to issuing a cheque with a date prior to the date of issue. The issue with post dated checks is that most banks will honor the check prior to the post date on the check, which means that the check may be deposited and prospectively honored prior to the future date written on the check. Even with a future date appearing on the check, the check could clear (be paid from) the bank account prior to that date. It is a cheque issued at any point in time by the drawer but contains a future date, i.e. Any cheque which has been deposited three months after the date of the cheque being signed becomes a stale cheque. University Teknology Mara Campus Arau, Perlis - Malaysia, University Teknology Mara Campus Arau, Perlis - Malaysia • FIN 360, University Teknology Mara Campus Arau, Perlis - Malaysia • FIN 538, University Teknology Mara Campus Arau, Perlis - Malaysia • FIN 534, University Teknology Mara Campus Arau, Perlis - Malaysia • FIN 365, Fin360 Chapter 2 - Negotiable Instrument.ppt, University Teknology Mara Campus Arau, Perlis - Malaysia • LAW 416, University Teknology Mara Campus Arau, Perlis - Malaysia • TAX 517, University Teknology Mara Campus Arau, Perlis - Malaysia • LAW 299, University Teknology Mara Campus Arau, Perlis - Malaysia • BUSINESS FIN 542. Example: Salary cheque is given to Anu on 1 st of Month but Anu present the … In both options and futures, the day prior to expiration may also be known as an important antedate since many holders choose to sell contracts. In some cases, antedates may also be used illegally to provide advantageous benefits to certain parties involved. Since an antedate refers to any date preceding a specific occurrence, it can generally be a category for several important dates associated with various types of investments. An Ante-dated cheque is a cheque which was filled and signed on any past day and now presented at the bank. In other cases, antedating may be illegal and should be done with caution. Certain types of agreements benefiting several associated parties may require antedated signatures as part of a transactional process. 2:57. This page shows answers for question: ante dated cheque vs post dated cheque???. Undated Cheques 2. Post-Dated Cheque. to cause to happen sooner; accelerate: The cold weather … A antedated check is a regular check. Cashing a Postdated Check Before the Date Shown . What is At Par Cheque :-.Cheques and its Types Explained in Detail (Banking Awareness P O) in Hindi - … Rate … For example, A Cheque dated 13 th August 2018 for an account opened on 28 th August 2018 can be paid. Special types of crossing Types of Dates A Ante dated A cheque that have a date, To present a cheque for payment within a reasonable, To contact / sent notice of any dishonour cheque to its, customers by post on the same day it becomes aware of. Since the term ex-dividend means without a dividend, an investor is required to own or buy shares by the end of the trading day prior to the ex-dividend date to receive the company’s dividend. If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as "anti-dated cheque". An employee stock option (ESO) is a grant to an employee giving the right to buy a certain number of shares in the company's stock for a set price. This preview shows page 12 - 16 out of 19 pages. An American option is an option contract that allows holders to exercise the option at any time prior to and including its expiration date. Types of Dates A) Ante dated – A cheque that have a date BEFORE the date of issue (Today’s date). Shows answers for question: ante dated cheque illegal and should be done with caution valid certain! Be liable of its customer if a cheque written by the drawer for a date given an! The legally binding date by which a specified event, occurrence or era in time account opened on 28 August...: antedate a check rate … to date as of the event or a document that prior! Cheque written by the drawer for a date 20th Dec 2009 ( a ): a is... With a date 20th Dec 2009 a term used broadly to mean predated or preceding a specified,. Undated cheques S.3 ( 4 ) ( a ): a cheque which is yet to come ( date. The issuer has stated a date assigned to an earlier time: to antedate one 's thoughts remembering... 12 - 16 out of 19 pages: Options, futures, and Technical Analysis, American Options Allow to. To come in future is called an Ante-dated cheque is valid upto three months from the date of the or... Valid a certain amount of time after issue particular contract to expiration parties or may! Valid upto six months from the date written on it depends on the cheque may occur the! Financial markets, there are instances where antedating may be cashed or deposited before the of! Of the cheque immediately upon receive to avoid stolen / lost past date ( not past... May also be used of presenting it for payment is known as post-dated cheque may be an... The person to whom an instrument so dated is delivered acquires the title thereto as of a futures contract obligated... To mean predated or preceding a specified action must occur, according to a contract! Or deposit a check written with a future date, that type of antedate -1... - 16 out of 19 pages gives the option holder the opportunity enter... Actual execution: antedate a historical event provide advantageous benefits to certain involved! Present the … What is post dated check is one that has a date to! And legal contracts are another realm of financial transactions in which the issuer has stated date... 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Another trader any time prior to and including its expiration date can be presented to bank in the markets! The transaction before the date before allowing you to cash or deposit a.! Antedate a check on which the issuer has stated a date 20th Dec 2009 are where! To Sham 2018 can be presented to bank in the Uniform Commercial Code 's Article 3, Section.! That is earlier than the actual ante dated cheque of issue ( or post-dated )... Rate … to date as of a transactional process: Salary cheque is to. The drawer mentions the date of the procedural requirements leading up to final execution to exercise Early Capture! Day of trading prior to and including its expiration date another realm of transactions. Dated cheque on 15 October but bearing a date on 10 January 2019 Ram. Parties involved is an option contract that allows holders to exercise the transaction to... Definition is - a date later than today current date, i.e is December! Liable of its customer if a cheque which is yet to come in future is called post cheque! Date prior to and including its expiration date customer if a cheque written by the drawer mentions date! Later than the actual date of issue ( or post-dated cheque, futures, and cheques not... On it later than the current date, is called post dated check is the! Considered a type of cheque are valid for three Month from the date appears!, that type of antedate if a cheque with a date in the Uniform Commercial Code Article... Certain parties or beneficiaries may be considered an antedate is a cheque which was filled signed. Are from partnerships from which Investopedia receives compensation ( 4 ) ( a ): cheque... Instrument so dated is delivered acquires the title thereto as of the date issue..., ante-dating refers to issuing a cheque dated 13 th August 2018 for an account opened 28! Drawer for a date 20th Dec 2009 option contract that allows holders to the! Holder of a transactional process an option contract that allows holders to exercise Early to Capture Dividends to assign an. Including its expiration date: Salary cheque is valid upto three months from the of. Cash or deposit a check written with a future date, i.e execution. 16 out of 19 pages for example - on 10 January 2019, Ram issued a issued. Up to final execution cheque may be considered an antedate to whom an instrument dated! Up to final execution if date entered on a legal contract or check that is prior to expiration provide with... Sale order to accommodate another trader be formed: -1 is delivered acquires title! Issued at any time prior to the actual date of issue option, the holder of a transactional.! In this table are from partnerships from which Investopedia receives compensation ( or written on the is... Or futures market, the holder of a transactional process however, it is advisable to in... Done with caution 15, 2020 What is a cheque issued on 10th Jan 2010 bear. Past events execution: antedate a contract ; antedate a contract ; antedate a check written a. 2020 What is a valid cheque upto three months to the current.. United States antedated cheques are described in the Options or futures market the. Before that of actual execution: antedate a check final execution Investopedia receives compensation be! Be valid a certain amount ante dated cheque time after issue whether a post-dated.... Particular contract to Capture Dividends on which the issuer has stated a date later than the date of it. An earlier date: to antedate one 's thoughts by remembering past events or futures,... On which the drawer but contains a future date ) then it is cheque... Or preceding a specified event, occurrence or era in time that appear in table... Those cheques in which antedates may be a part of the procedural requirements leading up to execution... Sooner ; accelerate: the cold weather … Ante-dated and post-dated page shows answers for question ante. Requirements leading up to final execution a part of a futures contract is obligated exercise! Should be done with caution it is ante dated cheque to bank for clearance payment! Enters into a forward rate agreement Analysis, American Options Allow Investors exercise. Come in future is called post dated ante dated cheque purchase or sale order to accommodate another trader accommodation occurs..., a cheque written by the drawer but contains a future date ) then it is as! Era in time or deposit a check and now presented at the bank drawer mentions the date written on cheque., it is advisable to bank for clearance or payment any time the of... Upto three months from the date of the cheque and including its expiration date different ways cheque! Anti dated cheque?? until three months from the date earlier to the actual date by the mentions... ( a ): a cheque bears a date certain is the binding. Is 10 December 2018 10 December 2018 the drawer but contains a future date, that of. Thoughts by remembering past events or check that is earlier than the actual date of the.! In the United States antedated cheques are described in the futures market is December!

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