Jargon beginning with: v

Validity Date: Under a Letter of Credit, also referred to as the Expiry Date. The date by which the Beneficiary must present documents to the bank inspecting them.

Value Date: The date on which a payment is received and on which the holder of the funds is able to make us of them.

Value Dating: Adjusting or backdating the Value Date of a payment made between banks, used to correct delays in payment. Another method is for the paying bank to pay interest to the receiving bank for the period in which it had use of the funds.