stale cheque

A cheque that, in the UK, has not been presented for payment within six months of being written. The bank will not honour it, returning it marked ‘out of date’.

Accounting dictionary. 2014.

Look at other dictionaries:

  • stale cheque — ➔ cheque * * * stale cheque UK US UK (US stale check) noun [C] BANKING ► a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount: »Are banks required to cash a stale check? …   Financial and business terms

  • stale cheque — A cheque that, in the UK, has not been presented for payment within six months of being written. The bank will not honour it, returning it marked out of date …   Big dictionary of business and management

  • cheque — [tʆek] , check noun [countable] BANKING 1. a printed form that you use to pay for something instead of using money. You write on it the amount in words and numbers, the date, the person being paid, and sign your name: • a cheque for £200 …   Financial and business terms

  • stale check — UK US noun [C] US BANKING ► STALE CHEQUE(Cf. ↑stale cheque) …   Financial and business terms

  • cheque — A preprinted form on which instructions are given to an account holder (a bank or building society) to pay a stated sum to a named recipient. It is the most common form of payment of debts of all kinds (see also cheque account; current account).… …   Big dictionary of business and management

  • cheque — A preprinted form on which instructions are given to an account provider (a bank or building society) to pay a stated sum to a named recipient. It is a common form of payment of debts of all kinds ( current account). In a crossed cheque two… …   Accounting dictionary

  • stale — adj: impaired in legal effect or force by reason of not being used, acted upon, or demanded in a timely fashion the search warrant was invalid because it was based on stale information a stale claim Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • Cheque — A Canadian cheque …   Wikipedia

  • stale — stale1 adjective (staler, stalest) 1》 (of food) no longer fresh or pleasant to eat. 2》 no longer new and interesting.     ↘(of a person) no longer performing well because of having done something for too long. 3》 (of a cheque or legal claim)… …   English new terms dictionary

  • stale — /steɪl/ adjective referring to a cheque which is so old, that the bank will not clear it unless it has been confirmed as correct by the payer …   Dictionary of banking and finance

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