Same Day Funds

1. Funds in a financial institution that may be withdrawn or otherwise used on the same day they are deposited.

2. Fed funds transferred through the Fedwire.

2. See: Same-day funds settlement.

Mentioned in ?

Emergency fund
Equalization Reserve
Rainy Day Fund
Same-Day Funds Settlement
Savings rate
savings ratio

References in periodicals archive ?

The Same Day Funds Payment Task Force (commonly referred to as the P&I Task Force) composed of trustees, paying agents, depositories, banks, and broker-dealers, has had periodic communication with GFOA during this period.

Same-day funds settlement on municipal bonds: new principal and income cash transfer deadlines

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