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Date has three different meanings to BR.

Date and Date$ are both functions that convert dates from days values into readable dates. These functions also have the ability to print the current date.
The Date command is a command that you execute with the execute statement. It sets the internal BR date.
The Date format spec is a format spec useful for Grid and List that stores data internally as a number (the days value) yet displays it as a printed date. This is useful because Grid and List can sort based on the date value.