Postdated Check Legal Meaning and Definition
Here is a simplified definition of the legal term Postdated Check.
Postdated Check (noun): A check that the issuer writes with a future date, preventing it from being cashed immediately. This is done to assure the recipient of future payment, similar to a promise. However, If there is insufficient funds in the issuer's account on the specified date or if the account gets closed, no legal action can be initially taken.