Value dating: Difference between revisions
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imported>Doug Williamson (Link with Value date page.) |
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''Banking'' | |||
The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value. | The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value. | ||
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* [[Back value date]] | * [[Back value date]] | ||
* [[Forward value date]] | * [[Forward value date]] | ||
* [[Value]] | |||
* [[Value date]] | * [[Value date]] | ||
Revision as of 19:49, 2 July 2017
Banking
The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.
Used by banks in some countries as an indirect method of earning fees.
It can be applied to all methods of payment both forwards and backwards in time.
