TeachMeFinance.com - explain Dating
Dating -- This is a term applied to a method of extending
credit beyond the period for which it ostensibly is granted.
For example, if a buyer of goods is to receive credit for 30
days and is allowed a 30-day dating the period of credit (30
days) does not begin and the bill for the goods is not dated
until 30 days after the purchase (or after the shipment of the
goods if shipment is not made at the time of the purchase).
Thus, a credit of 60 days is actually granted.
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