Date Certain

AAA

DEFINITION of 'Date Certain'

A term identifying the date on/by which the specified actions of a contract can be reasonably completed. This date is important, as it is generally considered legally binding.

INVESTOPEDIA EXPLAINS 'Date Certain'

The third Friday of each month is an example of a date certain for option expiry. Remember, options (and in fact all derivatives) are simply contracts between two parties.

RELATED TERMS
  1. Expiration Date

    The last day that an options or futures contract is valid. When ...
  2. Option

    A financial derivative that represents a contract sold by one ...
  3. Triple Witching

    An event that occurs when the contracts for stock index futures, ...
  4. Derivative

    A security whose price is dependent upon or derived from one ...
  5. Sum Certain

    A legal description of the predetermined settlement price for ...
  6. Settlement Date

    1. The date by which an executed security trade must be settled. ...
Related Articles
  1. Introduction To Put Writing
    Options & Futures

    Introduction To Put Writing

  2. Naked Call Writing: A Risky Options ...
    Options & Futures

    Naked Call Writing: A Risky Options ...

  3. Options Basics Tutorial
    Options & Futures

    Options Basics Tutorial

  4. Going Long On Calls
    Options & Futures

    Going Long On Calls

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center