Dictionary

first notice day en · NOUN

Meanings

1. The first day on which an investor who holds a futures contract is notified that the commodity specified in the contract is about to be delivered.
   • First notice days tend to occur near the first business day of the calendar month of the expiring futures delivery contract and continue for the proscribed period of time. 1990, Joseph D. Koziol, Hedging, page 277:
   • First notice days differ depending on the commodity. 2003, Kennedy Mitchell, Single Stock Futures: An Investor's Guide, page 171:

Forms

Synonyms

FND