Definition:
The term “here and there” is used to describe the value date of a financial transaction, indicating that the transaction will take place at varying times in different locations. For instance, when transferring money from one country to another, the value date may differ in each country. This term is commonly employed in the fields of banking and finance.
The term “here and there” is used to describe the value date of a financial transaction, which is the date when the transaction is deemed to have occurred. For instance, if someone transfers money from their bank account to another person’s account, the value date is the day when the money is credited to the recipient’s account. This means that the transaction is considered to have taken place on that specific day, regardless of when the actual transfer happened. The term “here and there” is employed because it signifies that the transaction has occurred in two different locations – the sender’s account and the recipient’s account. This example demonstrates how the value date is utilised to determine the occurrence of a financial transaction, irrespective of the timing of the actual transfer.
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This glossary post was last updated: 17th April 2024.
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- Modern Language Association (MLA):Here And There. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/here-and-there/.
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- American Psychological Association (APA):Here And There. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/here-and-there/
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