Business / Finance / Record Date: (1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov. 1, payable Dec. 1 to holders of record Nov. 15. Once a trade is executed, an investor becomes the 'owner of record' on settlement, which currently takes five business days for securities and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend. (2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. The record date for most MBS is the last day of the month, although the last day on which an MBS may be presented for the transfer is the last business day of the month. The record dates for CMOs and asset-backed securities vary with each issue.
Date Noun Synonyms: time, year, season, period, day, age, era, epoch, stage, phase
Date Verb Synonyms: entertain, escort, go out (with), go steady (with)
Record Adjective Synonyms: write (down), transcribe, document, register, note, make a notation (of), take down, put or set down, log, chronicle, report, itemize, list, enumerate
Record Verb Synonyms: recording, report, document, log, journal, memorandum, note, notation, minute(s), transactions, archive(s), annal(s), chronicle, diary, account, dossier, register, list, catalogue
Record Noun Synonyms: tell of, relate, recount, narrate, recite
Business / Finance / Ex-Dividend Date: This literally means 'without dividend.' The buyer of shares when they are quoted ex-dividend is not entitled to receive a declared dividend. It is the interval between the record date and the payment MORE
Technology / Television (TV) / Personal Video Recorder (PVR): Pvrs are digital devices that use a hard drive instead of videotape as the recording medium. Pvrs blend the features of a VCR with the programmability and storage of a computer. MORE