A postdated check is a check that has a future date on it instead of the current date. This means the check cannot be cashed or deposited until the future date specified on it. Full definition
If approved, you'll be able to borrow funds and postdate a check for the amount, plus interest. (sapling.com)
Loan solicitations that come in the mail, pawning items for cash, or «payday» loans in which people write postdated checks to check - cashing services are usually extremely expensive. (wsecu.org)
While most lenders offer quick and easy cash postdated check loans are not cheap. (debtfirms.com)