Notice Period


Also found in: Acronyms.

Notice Period

The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the contract.

Notice Period

1. In futures trading, the period of time before the expiration of the future contract during which the buyer may be called upon to accept receipt of the underlying. The specific length of the notice period varies and is set in the contract, but is generally three to six weeks prior to the contract's expiration. See also: Settlement date.

2. A period of time before which an employee, by contract or by courtesy, must inform his/her employer of his/her intention to leave the current job. If no specific notice period is set in a contract, then it is usually assumed to be two weeks. However, notice periods may be set to as long as six months or one year.
References in periodicals archive ?
Minister for Parliamentary Affairs and PTI Senator Azam Khan Swati, addressing a press conference at the National Press Club, said that Senate session had been summoned on 1st of August and then the 7-day notice period would start from that day.
If your new landlord demands your eviction prior to expiry of 12 months' notice period, then you may file a complaint against your new landlord in the Rental Dispute Centre based in the emirate of Dubai.
It means his official notice period only ended this month - a year after he retired as principal.
Still confused about the notice period? Find out everything you need to know here
The agreement included a statement detailing there was no requirement to work any notice period and the payment made was equivalent to working the notice period.
'I think we issued notices on March 9,' the director environment said, and confirmed to Dawn that the notice period had lapsed.
You will get either: | all your notice pay at once and have your job end straightaway - this is called pay in lieu of notice; or | be paid as usual until the end of your notice period without having to go to work - this is called garden leave.
Learn to take a joke you'll live longer)ISLAMABAD/WASHINGTON In its formal resignation letter the Foreign Office (FO) on Friday lashed out at the United States (US) hours after Vice President Mike Pence's warning that the Trump administration has put Pakistan on notice", claiming that Pakistan is happy to consider the notice period waived off.
In case, however, if the Due Premium would have been paid to the Insurers in full, prior to the expiry of the Notice Period, then the Notice of Cancellation would be deemed to have been revoked.
The complainants also claimed that the BOL television channel management pasted a notice at its entrance barring the complainants from entering the office, to complete their mandatory notice period, which was a violation of the contract.
A month ago, I submitted my resignation and I am now working on a two-month notice period as per my labour contract, which is going to end on September 20, 2017.
DOZENS of Central Bank staff have been handed almost [euro]500,000 in sweeteners to agree a longer notice period if they resign.