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LSDefine

Simple English definitions for legal terms

settlement date

Read a random definition: imparlance

A quick definition of settlement date:

A settlement date is the day when something is supposed to happen or when something is finalized. It can refer to the date when an event occurred or will occur, like a trial or appointment. It can also refer to specific dates in different areas of law, such as the date of injury in torts or the date of bankruptcy adjudication. In securities, it refers to the date when an investor must pay for securities purchased or when a seller must deliver negotiable certificates for securities sold.

A more thorough explanation:

Definition: The date on which an investor must pay the broker for securities purchased or a seller must deliver negotiable certificates for securities sold.

Example: If an investor buys stocks on Monday, the settlement date may be on Wednesday. This means that the investor must pay the broker for the stocks purchased on Wednesday.

Explanation: The settlement date is important in securities trading because it determines when the buyer must pay for the securities and when the seller must deliver them. It is usually two business days after the trade date. In the example given, the settlement date is two days after the purchase date, which is on Wednesday. This ensures that both parties fulfill their obligations in a timely manner.

settlement credit | settlement-first method

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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