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first notice day. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Noun
first notice day (plural first notice days)
- (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.