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{{gmsla2000anat|Income Payment Date}} | {{gmsla2000anat|Income Payment Date}} | ||
A clumsy [[Definitions|definition]] in that it muddies ''entitlement'' to be paid income from ''payment date'' of {{gmsla2000prov|IIncome}}, and when it comes to [[manufacturing]] dividends and income, it is the date of ''entitlement'' to payment that is important. Income Payment Date gets this right, after a fashion, for registered Securities, but even then there is a hanging and rather ambiguous “[[or]]”. To make sense of it, this one needs this or to be an ''ex''clusive disjunction, whereas in the ordinary course, enthusiastic readers will know, the [[JC]]’s house view is that [[or]] is an ''in''clusive disjunction. | A clumsy [[Definitions|definition]] in that it muddies ''entitlement'' to be paid income from ''payment date'' of {{gmsla2000prov|IIncome}}, and when it comes to [[manufacturing]] dividends and income, it is the date of ''entitlement'' to payment that is important. Income Payment Date gets this right, after a fashion, for registered Securities, but even then there is a hanging and rather ambiguous “[[or]]”. | ||
===“[[Or]]” as an [[exclusive disjunction]]=== | |||
To make sense of it, this one needs this or to be an ''ex''clusive disjunction, whereas in the ordinary course, enthusiastic readers will know, the [[JC]]’s house view is that [[or]] is an ''in''clusive disjunction. | |||
:''...means '''[in the case of non-registered {{gmslaprov|Securities}}]''' the date on which Income is paid on the {{gmslaprov|Securities}}, or, in the case of registered {{gmslaprov|Securities}}, the date by reference to which registered holders are identified as being entitled to payment...'' <br> | :''...means '''[in the case of non-registered {{gmslaprov|Securities}}]''' the date on which Income is paid on the {{gmslaprov|Securities}}, or, in the case of registered {{gmslaprov|Securities}}, the date by reference to which registered holders are identified as being entitled to payment...'' <br> | ||
For this reason, the definition was rather improved by its successor in the [[2010 GMSLA]], “{{gmslaprov|Income Record Date}}” | For this reason, the definition was rather improved by its successor in the [[2010 GMSLA]], “{{gmslaprov|Income Record Date}}” | ||
And no, this is not a good example of where one should use [[and/or]]. | |||
{{sa}} | |||
*[[Exclusive disjunction]] | |||
*[[Inclusive disjunction]] |