transaction date(redirected from Transaction Dates)
The date on which the trade of a security or derivative occurs. It is important to note that the transaction date differs from the settlement date, which can range from one to five days following the trade date. On the transaction date, ownership of the securities being traded transfers from the seller to the buyer, but the seller does not receive payment until the settlement date.
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See trade date.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.