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 3 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.