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TeachMeFinance.com - explain Dating historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.