Account day - This term is used loosely on the London Stock Exchange. It may mean any of the
days during which the settlement (see Settlement, The) lasts, but more usually it means pay day:
that is. the fourth and last day of the fortnightly settlement on the exchange when transactions for
the account (see Account, The) are settled (when contracts entered into in the preceding
half-month are settled by cash payments).
days during which the settlement (see Settlement, The) lasts, but more usually it means pay day:
that is. the fourth and last day of the fortnightly settlement on the exchange when transactions for
the account (see Account, The) are settled (when contracts entered into in the preceding
half-month are settled by cash payments).
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