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When trading with cash in a brokerage account, it is important to understand that there is a two-day lag time between transaction and settlement. This means that if you sell a stock on Monday, you won't receive the cash until Wednesday. The settlement date is when the buyer gets the shares and the seller gets the money. This delay may cause confusion when checking your available cash balance for withdrawal after selling stock. Knowing this process can help you differentiate between settled and unsettled trades.