Business / Taxes / Last Trading Day: The last trading day is the final day on which an order to buy or sell an options contract or futures contract can be executed. In the case of an options contract, for example, the last trading day is usually the Friday before the third Saturday of the month in which the option expires, though a brokerage firm may set an earlier deadline for receiving orders. If you don’t act on an option you own before the final trading day, the option may simply expire, or if it is in-the-money it may be automatically executed on your behalf by your brokerage firm or the Options Clearing Corporation (OCC) unless you request that it not be. But if a futures contract isn’t offset, the contract seller is obligated to deliver the physical commodity or cash settlement to the contract buyer.
Day Verb Synonyms: daytime, daylight, broad daylight, light of day
Day Noun Synonyms: time, hour, age, period, era, epoch, date, prime, heyday, lifetime
Last Adjective Synonyms: final, concluding, terminal, ultimate, terminating
Last Verb Synonyms: latest, newest, most recent or up to date
Last Noun Synonyms: hindmost, rearmost, aftermost, final
Life Style / Painting / Plaster Of Paris: A quick setting, pure white powder, used to set bathroom wall fixtures such as towel racks or used by craft groups for pouring molds and making plaster objects. MORE
Entertainment / Photography / Photo Elasticity: Method of determining stress patterns in structures with the aid of polarized light. MORE