Tom next

(redirected from Tomorrow Next)
Also found in: Acronyms.

Tom next

Means to "tomorrow next". In the interbank market in Eurodollar deposits and the foreign exchange market, the value (delivery) date on a tom next transaction is the next business day.

Tom Next

Short for "tomorrow next;" referring to a eurocurrency or foreign exchange transaction in which delivery of the underlying currency occurs the following trading day. Tom next transactions occur on the interbank market.