Super Finance Glossary
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Next Day
Definition: A spot contract that provides for delivery of a commodity on the next calendar day or the next business day. Also called Day Ahead.
Definition: A spot contract that provides for delivery of a commodity on the next calendar day or the next business day. Also called Day Ahead.
Next Day Settlement
Definition: Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.
Definition: Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.