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What is a Postdated Check?
Answer:
A postdated check is a check which has a date in the future written on it.  Postdated checks may be written when the author does not currently have the funds in his or her account but anticipates being able to pay on a specific date in the near future.

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What is a Stale Dated Check?
Answer:
A stale-dated check is any check which is held for six months or more from the date it was written.  The Uniform Commercial Code does not mandate that banks honor stale-dated checks.  Instead, they can simply be returned to the issuing bank.

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What Is a Stock Index Future?
Answer:
A stock index is group of stocks whose value is a standard (or benchmark) for the general movement of a particular type of stock. A stock index future is a futures contract where the basic commodity is a stock index. Each contract is to purchase or sell a fixed value of the index. Because stock indexes can’t be traded directly, futures based on the stock indexes are the chief method of trading stock indexes. Trading in stock index futures was introduced by the Kansas City Board of Trade.
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