nounthe day on which shares which have been bought must be paid for. On the London Stock Exchange the account period is three business days from the day of trade.(NoteThe US term is settlement date)in the US, the day on which securities bought actually become the property of the purchaser
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1. The date by which an executed security trade must be settled. That is, the date by which a buyer must pay for the securities delivered by the seller. 2.
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