notice period

Definition

The time period preceding the expiration of a futures contract during which the buyer can be called upon to accept delivery.

Use notice period in a sentence

There was a long enough notice period for me to get my head on straight and I was ready to go after that.

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The notice period was scheduled to begin soon as the futures contract was nearing its maturity date for the investor.

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Because modern futures markets are dominated by speculators who never intend to take delivery, the most traders close out their positions during the notice period.

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Notice of Sale notice to creditors