The term "date sold" refers to the specific day when a product or property is officially sold to a buyer. This date is important for record-keeping, as it marks the transfer of ownership from the seller to the buyer. It is often documented in sales contracts and can affect various legal and financial aspects of the transaction. In real estate, the date sold is crucial for determining market trends and property values. It can also influence tax assessments and the timing of any potential profits or losses for the seller. Accurate recording of this date helps ensure transparency in the buying and selling process.