settlement day

noun

Definition of settlement day

: the day of settling an account specifically : the last day of the settlement upon which payment must be made on any account on a stock exchange except such as are to be carried over to the next settlement

called also account day, payday, settling day

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“Settlement day.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/settlement%20day. Accessed 10 Aug. 2020.

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