ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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STALE CHECK Definition
STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".
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CAP RATE see CAPITALIZATION RATE.
TIMES FIXED CHARGES EARNED see COVERAGE OF FIXED CHARGES.