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.
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.
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