value date
The 'value date' is a key concept in finance, banking, and accounting, marking when a transaction or financial instrument becomes effective.
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Definition
B2Banking
(technical)The date when funds from a transaction become available for use.
Example
- The value date for the deposited check is two days after the deposit was made.
C1Foreign Exchange
(technical)The date when a currency trade is settled, usually two business days after the transaction.
Example
- The value date for the forex transaction is set for next Tuesday.
C1Accounting
(technical)The date when an account or transaction becomes effective for interest calculations or asset valuation.
Example
- Interest calculations for the loan start from the value date of the agreement.
Similar
Terms that have similar or relatively close meanings to "value date":