Delivery notice

Definition:

The written notice given by the seller of its intention to make delivery against an open, short futures position on a particular date. Related: Notice day.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

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