term validity based period what is
Meaning of period-based validity. What is it: policy status with period-related validity is valid.

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Definition period-based validity

PERIOD-BASED VALIDITY title: period-based validity (FS-PM) (SAP Library - Glossary)
PERIOD-BASED VALIDITY category: Policy Management (FS-PM)
PERIOD-BASED VALIDITY explained:

Just like a policy status with event-related validity, a policy status with period-related validity is valid from the effective date until a new policy status is generated. Unlike the policy status with event-related validity, this creates a time interval for the effective date, and the interval start or interval end must correspond to the effective date for the policy status.

If unscheduled processing takes place in this time interval, the time interval must be split. The interval start and interval end are documents in the journal entry for the policy status, as for the effective date.

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