Same Day Funds

Same Day Funds

1. Funds in a financial institution that may be withdrawn or otherwise used on the same day they are deposited.

2. Fed funds transferred through the Fedwire.

2. See: Same-day funds settlement.
References in periodicals archive ?
Potlatch will pay the purchase price plus accrued interest in same day funds on the first business day after the consent payment deadline, in the case of Notes tendered before the consent payment deadline, and the first business day after the date on which the offer expires, in the case of Notes tendered after the consent payment deadline, or in either case as soon as practicable thereafter.
Payment for properly tendered Notes will be made in same day funds on Monday April 12, 2004.
Payment for properly tendered Notes will be made in same day funds no later than the third business day after the expiration date of the tender offer.
Payment for tendered Securities will be made in same day funds on the first business day following expiration of the offer, or as soon thereafter as practicable.
Payment for Notes tendered prior to the Expiration Time will be made in same day funds on the first business day following expiration of the offers, or as soon thereafter as practicable.
Payment for tendered notes will be made in same day funds on the first business day following expiration of the offer, or as soon thereafter as practicable.