trade date

trade date definition - business

trade date

The date on which an order to buy or sell a security is executed. Most security orders require payment or delivery within three business days of the trade date. Also called transaction date. Compare settlement date 1.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.