skip-day settlement

(redirected from Skip Day)
Also found in: Wikipedia.

Skip-day settlement

Settling a trade one business day beyond what is normal.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Skip-Day Settlement

On an exchange, the practice of settling a transaction one day after the normal time period in which it is settled. For example, if a trade is usually settled five business days after the transaction, skip-day settlement requires the trade to settle six days after the original transaction. See also: delayed settlement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

skip-day settlement

The settlement of a security trade one business day beyond the usual settlement date. For example, a trade that usually requires next-day settlement would require payment and delivery two business days following the trade date using skip-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.
References in periodicals archive ?
A report to Walsall Council's cabinet shows that despite the authority offering free bulky item collection and free skip day trials, incidents of fly-tipping rose compared with the same period the year before.
Unfortunately fly-tipping actually increased when the bulky skip day trials were taking place.
"We have also looked to eradicate the issue in this area by introducing a dedicated skip day where tenants can dispose of household waste and white goods.
Georgia officials on Tuesday said charges were pending against a high school student who on senior skip day lost control of her car and collided with a tree, injuring herself and killing her classmate.
Senior Skip Day is coming up at my school, but I won't be participating.
Fly-tipping Action Wales partners > who took part in a skip day and litter pick at All Saints Church, Wrexham
Yesterday the Fly-tipping Action Wales partnership held a skip day to reduce the amount of illegally dumped waste in the Hightown area of Wrexham.
Fly-Tipping Action Wales partners take part in a skip day and litter pick at All Saints Church Wrexham PIC BY MANDY JONES
It's also not my favorite because it single-handedly revived the tradition of Senior Skip Day (woo hoo!).
It was part of a pilot skip day around the area of Pear Tree Avenue, Cherry Tree Avenue and Chestnut Crescent.
Environmentally-friendly people in a Tyneside borough are being encouraged to get rid of any bulky refuse on Skip Day tomorrow.