WebStale Cheque. A cheque is a type of banking document that instructs a bank to pay a certain amount of money to the individual named on the document. When referring to an exchange bill, the term “cheque” carries a bank account’s unconditional request to pay the desired sum. The person who writes a cheque is known as the “drawer,” while ... WebOct 16, 2024 · Stale cheque Post-dated cheque; Meaning: A stale cheque is one that is outstanding for a period of more than 3 months from the issue date. This cheque has a future date. This cheque can be encashed or cleared on the date of the cheque or after the date of the cheque. Identification word: A past date is on the right corner of the cheque.
What is an Outstanding Check? - Huntington Bank
WebFeb 5, 2007 · When is a check considered stale dated and what if the bank pays the item after that time period? Answer: The Uniform Commercial Code, section 4-404, has … how do i unsubscribe from fox nation
What is a Stale Check? Example Solution - Accountinguide
WebDefinition of stale 1 as in cliche used or heard so often as to be dull viewers were bored by the stale story lines of the new crop of sitcoms Synonyms & Similar Words Relevance … WebStale Check is the check which holder presents to the bank six months or more after its effective date. The bank has no obligation to pay for such a check. There are some reasons why the holder fails to clear the check within a normal period. They may lose or misplace the check and just found it and wish to claim the cash. Webstale [ 1] adj 1 (esp. of food) hard, musty, or dry from being kept too long 2 (of beer, etc.) flat and tasteless from being kept open too long 3 (of air) stagnant; foul 4 uninteresting from … how do i unsubscribe from eharmony