value date
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English
Alternative forms
Noun
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
Translations
Date and action on which payments are credited or debited to the customer's imagined but legally real account
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Verb
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
to perform the above-defined action with an amount
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See also
Further reading
value date on Wikipedia.Wikipedia
