next day

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Next Day

Referring to a transaction on which the settlement date is the trading day immediately following the trade date. Some transactions are required to be next day; for example, options contracts are next day transactions.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

next day

Of or relating to a transaction that requires settlement one business day after the trade date. For example, options require next day settlement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Apart from the efficiency of being able to hold your cash, unit trusts, ISAs, SIPPs, bonds etc all on one statement and immediately accessible on line with up to date same day valuations, the ability to switch assets within the platform instantly (obtaining the next day fund price) offers an advantage to investors.
The next day funds from the contract ran out, halting all work on the project.