next day

(redirected from Next Day Funds)

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.

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.
References in periodicals archive ?
Recognized nationwide for its focus on legendary customer service and humanized approach to retail banking, TD Bank will offer its renowned conveniences to customers at the new Canton Crossing location, including the longest hours in the markets we serve, live customer service seven days per week, twenty-four hours per day, 365 days per year, next day funds availability, instant issue debit cards, lollipops for kids and biscuits for dogs, and free use of Penny Arcade, TD's coin counting machine.
Payment for bonds tendered on or prior to the expiration date of the offer will be made in next day funds on such date.