cleared value


cleared value
Denoting the time at which a credit to a customer's bank account becomes available to him. The cleared balance is used for calculating interest and for establishing the undrawn balance of an agreed overdraft facility.
See also: clearing cycle

Accounting dictionary. 2014.

Look at other dictionaries:

  • cleared value — Denoting the time at which a credit to a customer s bank account becomes available to him. The cleared balance is used for calculating interest and for establishing the undrawn balance of an agreed overdraft facility. See also clearing cycle …   Big dictionary of business and management

  • cleared balance — A balance on a bank account, excluding any receipts that do not yet represent cleared value …   Accounting dictionary

  • cleared balance — A balance on a bank account, excluding any receipts that do not yet represent cleared value …   Big dictionary of business and management

  • Cleared balance —   Cleared balance is the sum of all postings with a clearing date less than or equal to the booking date.   The cleared balance reflects the total sum of postings with a clearing date less than or equal to the date on which the budget is prepared …   International financial encyclopaedia

  • Cleared date —   Date when a negotiable instrument (most commonly a cheque) becomes actually available for the payee to use. See also Cleared balance and Value date …   International financial encyclopaedia

  • cleared for fate — Denoting the date on which the payer s bank has confirmed that funds are available to provide value for a transfer in accordance with the instructions given in a cheque, etc. See: clearing cycle …   Accounting dictionary

  • cleared for fate — Denoting the date on which the payer s bank has confirmed that funds are available to provide value for a transfer in accordance with the instructions given in a cheque, etc. See clearing cycle …   Big dictionary of business and management

  • Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …   Wikipedia

  • Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… …   Wikipedia

  • Net asset value — (NAV) is a term used to describe the value of an entity s assets less the value of its liabilities. The term is most commonly used in relation to open ended or mutual funds because shares of such funds registered with the U.S. Securities and… …   Wikipedia