Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
A)Stale cheque
B)Post dated cheque
C)Crossed cheque
D)Stolen cheque

Question

Quizplus · Accepted Answer

A post-dated cheque is one that is written by the drawer (payer) for a date in the future. Unlike a stale cheque, which is outdated, or a crossed cheque, which has specific instructions on how it can be cashed, a post-dated cheque cannot be cashed or deposited until the date written on the cheque.

Where a Customer Has Issued a Cheque Date of Which