The agreed-upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary
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The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets , foreign shares may require months to settle. Bloomberg Financial Dictionary
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Date at which the financial instruments are to be delivered or received. Euroclear Clearing and Settlement glossary
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The date by which an executed order must be settled by the transference of securities and funds between buyer and seller. Exchange Handbook Glossary
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► See Value Date.
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settlement date UK US noun [C] (also settlement day, UK also settling day) STOCK MARKET, FINANCE
► the day on which payments must be made on cheques, investments, etc.: »
A futures contract provides for a specific settlement date on which the securities underlying the contract are delivered.
Financial and business terms. 2012.