settlement date

noun

UK /ˈsɛtlmənt deɪt/

US /ˈsɛtlmənt deɪt/

The day when money is actually paid and things are officially finished.

The settlement date for the house purchase is next Friday.

SYNONYMS

payment date closing date completion date due date transaction date

RELATED WORDS

deadline contract payment closing transaction

OTHER MEANINGS

2. In finance, the day a trade must be paid for and the securities delivered.

Stock trades usually settle two business days after the settlement date is set.

3. The date on which an agreement or legal matter is officially completed.

Both lawyers signed the papers on the settlement date.

4. The day a bill or debt is expected to be paid in full.

Please note the settlement date on your credit card statement.