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Old 04-15-2016, 09:05 PM   #81
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A deposit check should be deposited otherwise it serves no purpose and has no value.
Even unbanked, it has some value. It indicates to the seller the "buyer" is sufficiently interested to hand over a monetary deposit. Not a lot, but better than no deposit check.
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Old 04-15-2016, 09:10 PM   #82
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A deposit check should be deposited otherwise it serves no purpose and has no value.
Of course it has a purpose and value. It means the prospective buyer is interested enough to put out that much money. And it can be cashed as appropriate.
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Old 04-15-2016, 10:43 PM   #83
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Even unbanked, it has some value. It indicates to the seller the "buyer" is sufficiently interested to hand over a monetary deposit. Not a lot, but better than no deposit check.
An un-cashed/not deposited personal check has value!?
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Old 04-15-2016, 11:19 PM   #84
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Greetings,
Mr. 11. "An un-cashed/not deposited personal check has value!?" Of course. More so than a blank piece of paper.
Check: "7 : a written order directing a bank to pay money as instructed :"

http://www.merriam-webster.com/dictionary/check[1]
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Old 04-15-2016, 11:38 PM   #85
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Greetings,
Mr. 11. "An un-cashed/not deposited personal check has value!?" Of course. More so than a blank piece of paper.
Check: "7 : a written order directing a bank to pay money as instructed :"

Check | Definition of Check by Merriam-Webster[1]
Maybe in your world. But in mine, until the money is in my hand or in my account, it has no more value than a blank piece of paper.

In fact they can be of equal value. In that they can both be nothing more than an IOU that is worth no more than the paper it is written on.
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Old 04-16-2016, 07:21 AM   #86
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Maybe in your world. But in mine, until the money is in my hand or in my account, it has no more value than a blank piece of paper.

In fact they can be of equal value. In that they can both be nothing more than an IOU that is worth no more than the paper it is written on.

Yes - agreed, we often get checks that have non sufficient funds backing them. But the point is if there is an intent to show real interest then cash the check so you know it has value. If not then just take their word for it rather than waste time with a piece of paper that may or may not have value.
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Old 04-16-2016, 07:44 AM   #87
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This thread started off with a lot of really good advice for the OP.
Now it's ............
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Old 04-16-2016, 08:20 AM   #88
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Yes, its amazing how many people will write about the value of worthless paper
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Old 04-16-2016, 09:15 AM   #89
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OK Binkleyboat, fess up. Did I see you'd purchased this vessel after all, the Viking?
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Old 04-16-2016, 09:32 AM   #90
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This is not related but maybe it will give everyone a good chuckle .
When we tried to buy our first house a long time ago there was a charge
($25 I think )when the bank did a credit check on you . Well my credit charge check I wrote bounced . Joy got the call from the bank that day ,"Mrs Joy we are sorry to inform you but your credit check bounced " ouch! . She meet me at the door that day when I came home from work and it wasn't for a kiss .
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