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Investing Glossary:
Settlement date
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| 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.
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