Next day settlement
Next day settlement
Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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