Cut Off Date

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Cut Off Date

The date prescribed in the unclaimed property law in most states for determining the items of property that must be turned over to the state. See: Escheat.

Cut Off Date

1. In property law, the date at which an unclaimed security or other property is turned over to the state in which the last known owner was last known to reside. See also: Escheat.

2. The date a discount, sale, or other especially lowered price on a product or products expires.

3. The last day of a month in which a bank calculates the activity on its accounts. For example, if the cut off date is the fifteenth of the month, the bank calculates its accounts' activities from the fifteenth of one month to the fifteenth of the next. Statements are based on activities between cut off dates.
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94-30 provides procedures for accounting method changes for loans acquired before the cut-off dates specified in Rev.
94-28, 94-29 and 94-30 provide guidance to financial institutions on how to change their current methods of accounting, define procedures that allow for the principal-reduction method to be used, and provide procedures for changing methods of accounting for de minimis OID for loans acquired before the cut-off date selected.
Taxpayers may elect the cut-off date as one of the following:
Loan fee income originated or acquired prior to the cut-off date must be recognized currently into taxable income, and no Sec.
The suggestion in the NEJM Reaffirmation that the cut-off dates - established at a time when the data were not known - skewed the results is simply incorrect.
There is no material difference in the conclusions that arise from the addition of the events reported after the pre-specified cut-off date for cardiovascular events.