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.

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.


Investment dictionary. . 2012.

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  • certain — certain, aine [ sɛrtɛ̃, ɛn ] adj. et pron. • certan 1160; lat. pop. °certanus, de certus « assuré » I ♦ Adj. A ♦ Après le nom 1 ♦ (Possibilité) (Sujet chose) Qui est effectif sans laisser aucun doute, perçu directement ou établi par des preuves,… …   Encyclopédie Universelle

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