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Value Date
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

The date upon which the proceeds of a check or other instrument deposited for credit become available for withdrawal, i.e., have a value.  The term is used particularly in foreign exchange bookkeeping to indicate the date upon which the proceeds of a draft become available for the use of a customer or correspondent, or upon which a remittance becomes available in the account of the purchaser abroad.  

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