date payment due
31Finality Of Payment — Refers to the instant that a payment to another party is completed, at which point the receiving institution has irrevocable access to the money. This is more commonly referred to as the moment when funds are good in an account. The concept and… …
32Late Payment of Commercial Debts (Interest) Act 1998 — The Late Payment of Commercial Debts (Interest) Act 1998 is an Act of the United Kingdom Parliament enabling small businesses to chargelarger business customers interest on overdueaccounts.The Act extends to Northern Ireland.A small business is… …
33Calendar date — For the use of dates on Wikipedia, see the Manual of Style. A date in a calendar is a reference to a particular day represented within a calendar system. The calendar date allows the specific day to be identified. The number of days between two… …
34Record date — (1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov 1, payable Dec 1 to holders of record Nov 15. Once a trade is executed an investor becomes the… …
35effective date — (1) The date on which funds will be transferred electronically from or to a customer s account. (2) The date on which cash flows due under a swap contract begin to accrue. American Banker Glossary In an interest rate swap, the date the swap… …
36post-date — ˌpost ˈdate verb [transitive] BANKING to write a date on a cheque that is later than the date when you are signing it, so that it does not become effective until then * * * post date UK US (also postdate) verb [T] ► to write a date on a document …
37average date — ➔ date1 * * * average date UK US noun [C] (also average due date) ACCOUNTING ► the average of dates on which several payments are owed to the same person, company, or organization, used when deciding the best date on which to make one payment of… …
38Value date — An ISO term. The date on which the funds are at the disposal of the receiver. ISO Standard Telex Formats term. 6n or 35x. ISO Funds Transfer Messages term. ISO International Cheque Remittance term. ISO Message Authentication term. ISO Mail… …
39after date — A familiar phrase in certain promissory notes employed in indicating the maturity of the instrument. An instrument payable a certain number of days, months, or years after date matures on the last day of the time specified. 11Am J2d B & N § 285.… …
40maturity date — The date on which a document, such as a bond, bill of exchange, or insurance policy, becomes due for payment. In some cases, especially for redeemable government stocks, the maturity date is known as the redemption date. See also: redemption …
