- skip day settlement
- A phrase used to describe the agreement of a buyer and seller to exchange the security and the payment two business days after the trade date.See settlement. American Banker Glossary
Financial and business terms. 2012.
skip day settlement
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skip-day settlement — A phrase used to describe the agreement of a buyer and seller to exchange the security and the payment two business days after the trade date. See settlement. American Banker Glossary settling a trade one business day beyond what is normal.… … Financial and business terms
Skip-day settlement — The trade is settled one business day beyond what is normal. The New York Times Financial Glossary … Financial and business terms
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