Settlement Date
/ˈsɛtlmənt deɪt/
Definitions
- (n.) The agreed date on which the parties to a transaction complete the exchange of payment and transfer of ownership.
The settlement date for the property sale was set 30 days after contract signing.
- (n.) In securities law, the date when a securities trade is finalized and payment is delivered.
The settlement date for the stock trade is typically two business days after the trade date.
Forms
- settlement date
- settlement dates
Related terms
See also
Commentary
Often critical in contract drafting and securities transactions, specifying the settlement date ensures clarity on when legal ownership and financial obligations pass.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.