T+1

T+1 definition - finance
Refers to the settlement date after the purchase of a security; T+1 is the trade date plus one day. The securities industry has a goal to reach T+1 by 2004. T+0, T+2, and T+3 are other common references.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.