stale check |
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Definition
Check presented at the paying bank after a certain period (typically six months) of its payment date. A stale check is not an invalid check, but it may be deemed an 'irregular' bill of exchange. A bank may refuse to honor it unless its drawer reconfirms it payment either by inserting a new payment date or by issuing a new check. Also called stale dated check.
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stale check is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
stale check appears in the definition of the following term: stale dated check
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