Notification date

Notification date

The day the option is either exercised or expires.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Notification Date

1. The date by which one party to a contract must inform the other of the former's intent to either renew or withdraw from the contract. This especially applies to housing leases, marketing contracts, and long-term business arrangements. Some contracts renew automatically if neither party cancels by the notification date, while others require notification either way. For example, a rental agreement ending on August 1 may contain a requirement that the renter inform the landlord by May 1 whether or not he/she intends to renew the lease.

2. In options, see expiration date.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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References in periodicals archive ?
I don't understand why they based their decision on the notification date (September 2016), and not on the exact date of my termination (December 31, 2017).
The SEC strongly encourages sending the letter by fax and will accept the fax date as the notification date. However, a copy of the fax log should be retained to document that SECPS notification requirements have been met.
(License number: 423448; notification date: July 26)
(License number: 420764; notification date: July 16)
(License number: 409495; notification date: May 25)
(License number: 359314; notification date: April 20)
(License number: 422289; notification date: April 24)
(License number: 403423; notification date: March 22).

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