first notice day

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English

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Noun

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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.