value date
English edit
Alternative forms edit
Noun edit
value date (plural value dates)
- (accounting) Date and the action itself on which payments are credited or debited to the customer's imagined but legally real account, as opposed to the date a balance is made visible (posting date, entry date) which is when crediting of other funds takes place and which is usually the available sum, is the line of credit; interest payments are made from the value date onwards.
Hypernyms edit
Translations edit
Date and action on which payments are credited or debited to the customer's imagined but legally real account
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Verb edit
value date (third-person singular simple present value dates, present participle value dating, simple past and past participle value dated)
- (accounting) To perform the above-defined action with an amount.
Translations edit
to perform the above-defined action with an amount
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See also edit
Further reading edit
- value date on Wikipedia.Wikipedia