next day(redirected from Next Day Fund)
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
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.