settling-day
Definition
- Noun: A specific day designated for the settlement of accounts, particularly in financial markets such as stock exchanges. This is the day when buyers pay for securities they have purchased and sellers deliver the securities they have sold, typically occurring at regular intervals (e.g., every two weeks).
Usage Examples
- (The day when financial transactions are finalized.)
- (The designated day for account settlement.)
- (The deadline for completing payment for purchased stocks.)
Advanced Usage
"settling-day balance": the net amount due or owed after all trades have been accounted for.
- After reviewing the settling-day balance, I realized I had a small surplus. (The final financial position after settlement.)
"settling-day adjustments": corrections or modifications made to trade records before final settlement.
- The accounting team made several settling-day adjustments to correct errors in the transaction logs. (Changes applied on the settlement date.)
Variants and Related Words
Settlement (n): the act or process of settling an account or debt.
- The settlement of the trade occurred on the agreed date. (The finalization of payment.)
Settle (v): to pay or resolve a financial obligation.
- We need to settle our accounts before the end of the month. (To pay what is owed.)
Day (n): a period of 24 hours, often used in compound terms to specify a particular time.
- The payment is due on the last day of the month. (A specific date.)
Synonyms
- Account day: a day when accounts are settled, especially in stock exchanges.
- Settlement date: the specific date on which a transaction is finalized.
- Clearing day: a day when financial instruments are exchanged and payments are made.
Related Idioms
"Settle the score": to repay a debt or resolve a grievance.
- He finally settled the score with his old business partner by paying the overdue amount. (Resolved a financial or personal dispute.)
"Day of reckoning": a time when one must face the consequences of past actions, often used metaphorically for financial settlements.
- For the careless investor, the day of reckoning came on settling-day when he discovered he owed more than he had. (A moment of final accountability.)