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TeachMeFinance.com - explain settlement Settlement -- Also known as Closing, this is the time at which the property is formally sold and transferred from the seller to the buyer. another definition... settlement -- the conclusion of a transaction when that which was bought is delivered to the buyer and payment is made to the seller. historic definition... Settlement -- Adjustment of differences in money. In the operation of the New York Stock Exchange clearing house there is also an adjustment of differences in stocks ; for information see New York Stock Exchange clearing house. On the London Stock Exchange a settlement occurs fortnightly; About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.