Definition
Date certain is a legal term for the date on or by which the actions of a contract can be reasonably completed, and is considered to be legally binding.
Date Certain
What is ‘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.
Explaining ‘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.
Further Reading
- Comparing the publication process in accounting, economics, finance, management, marketing, psychology, and the natural sciences – meridian.allenpress.com [PDF]
- Scaling and criticality in a stochastic multi-agent model of a financial market – www.nature.com [PDF]
- Meeting the challenge of wastewater irrigation: economics, finance, business opportunities and methodological constraints – www.tandfonline.com [PDF]
- Applications of multi-objective evolutionary algorithms in economics and finance: A survey – ieeexplore.ieee.org [PDF]
