An antedate is the date that is entered into an official contract or verifying the date of occurrence. It is sometimes referred to a”backdate.”
Understanding Antedate
Antedate is a term that can be used broadly to denote a date prior to or preceding an date, time or period of time. In the world of finance there are a variety of dates associated with investments that could be thought of as a kind of antidate. Antedating documents and legal contracts are other areas of financial transactions where the use of antedates is possible. In certain instances, antedating could be part of the formal requirements that lead to the final execution. In other situations the act of antedating could be considered illegal and should be handled cautiously.
Certain kinds of agreements that benefit multiple parties involved may require antedated signatures as a part of the transactional process. In certain situations, certain parties or beneficiaries might be required to sign with antedates before the date of final execution. In these cases it is possible to have an agreement in writing to be adhered to along with processional antedates leading to an execution date that is final.
Antedating that is illegal can be utilized include antedating options for stock of a company to offer a better price or antedating documents after an agreed due date which can provide the person who is associated with advantages.
Special Beacons
As an antedate is any date that precedes a particular date, it may be a term used to describe a variety of significant dates related to various kinds of investments. In the case of stock investments the day that trades prior to that date of the ex-dividend date could be considered an Antedate. Because the term “ex-dividend” refers to that there is no dividend. An investor must own or purchase shares before the close of trading on the day before the date of ex-dividend to be eligible for the company’s dividend.
Another antedate could be within the option and markets for futures. Since futures and options offer investors the possibility to acquire rights up to or at the time that expires, any day that is prior to expiration could be considered to be an antidate. In the case of an American options contract, the owner is entitled to exercise their option on any date that is anted to expire prior to the expiration. In the market for futures, the owner of a contract is bound to exercise the contract.