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settlement date
set·tle·ment date (plural set·tle·ment dates)


noun 
Definition:
 
date transaction must be completed: the date on which parties to a transaction must deliver payment, securities, and whatever else is to be exchanged
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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