From ACT Wiki
Jump to: navigation, search

1. Funds transfer.

The moment when funds cease to be useable to the originating party and instead become useable funds to the beneficiary in the sense that they can reduce overdraft balances, earn interest or can be withdrawn.

2. Valuation.

More generally, the term 'value' refers broadly to what something is worth.

The value of something is related to - but not necessarily always the same as - its price.

See also