Same-day substitution

Definition:

Offsetting changes in a margin account during the day that result in no overall change in the balance of the account.

Investing Essentials


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

Term of the Day

Forward delivery

A transaction in which the settlement will occur on a specified date in the future at a price agreed upon on the trade date.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio