Transaction Date
/ˈtrænzækʃən deɪt/
Definitions
- (n.) The specific date on which a legal or commercial transaction is executed or completed.
The transaction date on the contract was May 15, 2023.
- (n.) In financial contexts, the date on which a trade, payment, or other monetary exchange is recorded or settled.
The bank recorded the transaction date as the day the funds were transferred.
Forms
- transaction date
- transaction dates
Related terms
See also
Commentary
The transaction date is critical in determining the timing of rights, obligations, and record-keeping; clear drafting should specify which event defines this date to avoid ambiguity.
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.