Asked by Kendall Smith on May 05, 2024
Verified
A ____ check is a check presented too long after it was written to be honored by the bank.
A) stale
B) traveler's
C) postdated
D) voucher
Stale Check
A check that has not been cashed or deposited within a specified time, usually six months, making it void or invalid.
Bank
A financial institution that accepts deposits, offers various accounts, provides loans, and offers other financial services to individuals and businesses.
- Identify the different kinds of checks and their particular applications.
Verified Answer
YP
Yuvraj PatelMay 11, 2024
Final Answer :
A
Explanation :
A stale check is one that is presented to the bank for payment a significant amount of time after its issue date, typically six months or more, leading banks to potentially refuse payment.
Learning Objectives
- Identify the different kinds of checks and their particular applications.