When a trader antedates a trade, they are essentially trying to create a trade that will take place in the future. This can be done for a number of reasons, but the most common is to try and take advantage of a situation that is not yet fully developed. For example, a trader might antedate a trade to try and take advantage of a developing trend.
Why ante dated Cheque is issued? Cheques are often ante-dated or post-dated because the date on the cheque is used to determine when the cheque can be cashed or deposited. By changing the date, the cheque can be made payable either earlier or later than the date it was actually written.
There are a few reasons why someone might want to do this. For example, if you know you won't have enough money in your account to cover a cheque on the date it's written, you might post-date the cheque so that it can't be cashed until after you've deposited more money.
Similarly, if you want to make sure a cheque isn't cashed until a certain date (for example, if you're paying rent on the first of the month and you don't want your landlord to cash the cheque until then), you might ante-date the cheque.
Keep in mind, however, that post-dating a cheque doesn't guarantee that it won't be cashed before the date you've written on the cheque. And if a cheque is ante-dated, the payee could still cash it on or after the date it's written - they just might have to pay a fee for doing so.
What do you mean by Ante dated Cheque? Ante dated cheque is a cheque which is dated for a future date. For example, if today is June 1st and a cheque is dated June 10th, that cheque is an ante dated cheque.
There are a few reasons why someone might want to write an ante dated cheque. One reason is to make sure that the cheque cannot be cashed until a certain date. This can be helpful if the person writing the cheque knows that they will not have enough money in their account to cover the cheque on the date it is written. By ante dating the cheque, they can be sure that it will not be cashed until after they have deposited money into their account.
Another reason someone might write an ante dated cheque is to take advantage of floating interest rates. For example, if someone is expecting to receive a large sum of money on a certain date, they might write an ante dated cheque for that amount and deposit it into their account before the money is actually received. By doing this, they can earn interest on the money from the date the cheque is deposited, rather than from the date the money is actually received.
Ante dated cheques can also be helpful in avoiding bounced cheques. If someone knows they will not have enough money in their account to cover a cheque, they can write an ante dated cheque and post-date it for a later date. This way, the cheque will not be cashed until after they have deposited money into their account.
It is important to note that not all banks will accept ante dated cheques. Each bank has its own policies on whether or not they will accept ante dated cheques. If you are unsure, it is best to check with your bank before writing an ante dated cheque.
How do you use antedate?
To antedate something is to date it earlier than its actual or supposed date. In trading, antedating refers to the practice of trading a security at a price that is lower than the price at the time the order is placed.
For example, let's say you place a buy order for shares of XYZ stock at $10 per share, but the stock is trading at $11 per share when the order is filled. In this case, you have antedated your order, and you will receive the shares at a price that is lower than the current market price.
There are a few reasons why traders might choose to antedate their orders. In some cases, it may be done in order to avoid paying commissions or fees. In other cases, it may be done in order to get a better price for the security.
Before you place an antedated order, it's important to check with your broker to see if they allow this type of trading. Some brokers may not allow antedating, or they may charge higher fees for it. What is the difference between ante dated Cheque and post dated Cheque? A post-dated cheque is a cheque that is dated for a future date. An ante-dated cheque is a cheque that is dated for a date that has already passed. Is ante dated Cheque valid? Yes, an ante dated cheque is valid, provided that the date on the cheque is a future date.