settlement date

Definition

The date by which an executed securities transaction must be settled, by paying for a purchase or by delivering a sold asset; usually three business days after the trade was executed (T+3); or one day for listed options and government securities.

Use settlement date in a sentence

You should try and make sure that you have done every thing you agreed to before the settlement date arrives.

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The settlement date was finally coming up and I was ready for everything to be over and for everything to be settled.

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Buyers of a security have until settlement date to remit full payment, and on this date the fully own the security; sellers of a security have until settlement date to deliver the security, and on or after this date the proceeds from the transaction is are fully available.

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