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Settlement Date


Generally, it is the date a transaction is completed, i.e., the date that performance (the actual exchange: money vs asset or liability) by the parties to the transaction has been duly fulfilled.

In accounting, it is the date that a financial asset is delivered to or by an entity, or on which a financial liability is transferred to or by an entity. It is the closing date on which delivery or transfer is recorded under the so-called settlement-date accounting. This type of accounting is a conservative methodolgy, since it results in a delay of a few days before a transaction is officially recorded.



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Accounting is the language of business, everywhere, worldwide. It is the means by which virtually every business communicates information about its operations, irrespective of size, scale, objectives, ...
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