value date definition

value date

General: Date on which a transaction actually takes place.

Accounting: Date on which allocated, budgeted, or contracted funds are paid, received, or used.

Banking: (1) Date on which an account holder can use the funds from deposited checks that have passed through the bank's clearing cycle. (2) date on which a deposit starts to earn interest.

Trading: Date on which the item that was bought or sold must be delivered.

value date is in the Accounting & Auditing, Advertising, Marketing, & Sales and Banking, Commerce & Finance subjects.

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