Expiration dates for food are determined through testing and government regulation, with infant formula being the only product required to have a fixed expiry date. Most other foods have “sell by” or “best if used by” dates, which are not always based on sound science. Understanding food expiration is important for consumer safety, but many […]
Past due accounts are used to track funds deposited in other institutions and are combined with overdue accounts to track when money is transferred in or out. It adds accountability to financial records and helps with tax calculations. Past due account is a type of debit account that is typically maintained as part of a […]
The maturity date is when the issuer of a bond must pay the principal amount to the buyer. Bonds can be short-term, intermediate-term, or long-term, and the maturity date is important in calculating yield to maturity. Callable bonds can be redeemed before the stated maturity date. The maturity date refers to the date on which […]
