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 Says:
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:
Derivatives
Expiration Date
Option
Settlement Date
Sum Certain
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