first notice day

English

Noun

first notice day (plural first notice days)

1. (finance) 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.

   Synonym: (initialism) FND

   • 1990, Joseph D. Koziol, Hedging, page 277:

     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.

   • 2003, Kennedy Mitchell, Single Stock Futures: An Investor's Guide, page 171:

     First notice days differ depending on the commodity.