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What Is an Outstanding Check? Everything You Need to Know Explained Simply

Checks that remain uncashed for long periods of time are called stale checks. This period can range from 60 days to six months.Sometimes a payee forgets about the check or loses it https://www.bookstime.com/ without notifying the payor. The payor has no control over when the payee will cash or deposit the check. The only thing…
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