value date

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.

Noun

  1. 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.

Forms

value dates date of value

Hypernyms

date

Verb

  1. To perform the above-defined action with an amount.

Forms

value dates value dating value dated date of value

Related

entry date posting date settlement date trade date