Glossary
Value date
Definition
The date funds are actually available or start earning/costing interest, which can differ from the posting date.
Many statements outside the US show both the transaction (booking) date and the value date. For bookkeeping, the booking date is usually used; for interest calculations, the value date matters.
Related terms
- Bank statement
A periodic record from a bank listing every transaction on an account plus its opening and closing balances.
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