the date on which liability is to br paid is called_____ date
a) reporting
b) closing
c) settlement
d) payment
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settlement is the correct answer
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Answer:
The answer of the following question is Option C.
Explanation:
The date on which liability is to br paid is called Settlement date.
Settlement Date- It is the date when a trade is final, buyer must make the payment to the seller where the seller delivers the assets that is traded to the buyer.
The settlement date for stocks and bonds but not for assets is usually two business days after the execution date.
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