English version

settlement date

From Longman Business Dictionary
Related topics: Trade, Finance, Law
settlement dateˈsettlement date1FINANCE the day when investors must pay for shares etc they have agreed to buy, often three working days after the original agreement SYN ACCOUNT DAYThe first dividend consists of the interest accrued (=gained) from the settlement date to the first payment date.2LAWCOMMERCEthe day when property or goods are sold and they legally belong to the buyer SYN COMPLETION DATEThe contract allows the vendor (=person selling something) to withdraw any time up to and including the settlement date. date
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