A cheque bearing a date showing that it was issued more than six months ago is termed a
Answer Details
A cheque that is issued more than six months ago and has not been cashed or presented for payment is known as a "stale cheque". The term "stale" refers to the fact that the cheque has been outstanding for a long time and is no longer fresh. The validity of a cheque is usually for six months from the date of issue, after which it becomes stale. A stale cheque may not be honored by the bank and the funds may not be available for withdrawal. Therefore, it is important to cash or deposit cheques promptly to avoid the risk of them becoming stale.