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The word "pagaré" in Spanish means
literally "I will pay".
To understand a pagaré it is important
to know that Spanish cheques are payable upon presentation - regardless
of whether they are post-dated or not. A Pagarés then,
is a type of cheque that emphasises the date that it can be cashed.
These then, are official post-dated cheques.
Pagaré come in a chequebook, just
like normal cheques.
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