STALE CHECK Definition

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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".

Learn new Accounting Terms

CAPITAL RATIONING is restrictions put of the amount planned for new expenditures.

NBB see NON-BULLETIN BOARD.

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