T+3(redirected from T Plus Three)
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The settlement date for securities transactions such as a stock sale. It refers to the obligation in the brokerage business to settle securities trades by the third day following the trade date. The settlement occurs when the seller receives the sales price (the broker's commission) and the buyer receives the shares.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Informal for a settlement date that occurs three trading days after the trade date. Different types of transactions settle on different days, but stock trades usually settle on T+3.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved