Meaning RECORD DATE: (1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov. 1, payable Dec. 1 to holders of record Nov. 15. Once a trade is executed, an investor becomes the "owner of record" on settlement, which currently takes five business days for securities and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend. (2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. The record date for most MBS is the last day of the month, although the last day on which an MBS may be presented for the transfer is the last business day of the month. The record dates for CMOs and asset-backed securities vary with each issue
More terms such as Record date in Dictionary R.
- Definition Rational Expectations:
- Examples The idea that people rationally anticipate the future and respond today to what they see ahead. This concept was pioneered by Nobel Laureate, Robert E. Lucas, Jr record date definition.
- Definition Remaining Principal Balance:
- Examples The amount of principal dollars remaining to be paid under a mortgage as of a given time record date explain.
- Definition Restructuring:
- Examples The reorganization of a company in order to attain greater efficiency and to adapt to new markets record date what is.
- Definition Regulation G:
- Examples Federal Reserve Board regulation of lenders other than commercial banks, brokers, or dealers that provide credit for the purchase of or carrying of securities record date meaning.
- Definition Riding The Yield Curve:
- Examples Buying long-term bonds in anticipation of capital gains as yields fall with the declining maturity of the bonds record date abbreviation.
