Business / Taxes / Settlement Date: The settlement date is the date by which a securities transaction must be finalized. By that date the buyer must pay for the securities purchased in the transaction, and the seller must deliver those securities. For stocks, the settlement date is three business days after the trade date, or what's referred to as T+3. For options and government securities, the settlement date is one day, or T+1, after the trade date. In figuring long- and short-term capital gains on your tax return, you use the trade date — the date you buy or sell a security — rather than the settlement date as the date of record.
Date Noun Synonyms: time, year, season, period, day, age, era, epoch, stage, phase
Date Verb Synonyms: entertain, escort, go out (with), go steady (with)
Settlement Noun Synonyms: payment, defrayal, discharge, liquidation, satisfaction, settling, quittance, clearing, clearance
Settlement Verb Synonyms: colony, outpost, post, camp, community, encampment, village, hamlet
Business / Finance / Next Day Settlement: Transaction in which the contract is settled the day after the trade is executed. See: Settlement date. MORE
Business / Finance / Delivery Date: The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract. MORE