afsluitdatum

Afsluitdatum is a Dutch term that designates the date on which a process, contract, or arrangement ends, or on which an action becomes effective. It functions as a deadline or end date and is commonly used in contracts, subscriptions, banking, energy, insurance, and real estate to indicate when an agreement terminates or when a change takes effect.

In contracts and subscriptions, the afsluitdatum marks the date when service ends if the contract is not renewed, or when cancellation takes effect. It may align with a required notice period and can influence pricing, continuation, or penalties.

In finance and administration, the term appears as the date an account is closed, a loan is settled, or a sale is completed. It can also mark the closing of a bid or the formal completion date of a notarial act in property transactions. For offers, it signals the last day the offer is valid.

Practical considerations include checking the afsluitdatum to avoid unwanted charges, to arrange migrations, or to plan renewals. Some providers allow extensions or early termination under specified conditions.

Relation to similar terms: afsluitdatum differs from vervaldatum or expiry date; the latter typically indicates when something ceases to be valid, while afsluitdatum refers to the closing or termination of a contract, service, or deal.