Most Important Glossary of Stock Market Terms – ‘T-Z’
Most Important Glossary of Stock Market Terms T+1 : T+1 (T+2, T+3) abbreviations refer to the settlement date of security transactions. The T stands for transaction date, which is the day the transaction takes place. The numbers 1, 2 or 3 denote how many days after the transaction date the settlement or the transfer of money and security ownership takes place. T+1 means that if a transaction occurs on a Monday, settlement must occur by Tuesday. Likewise, T+3 means…