Miscellaneous
Business Day
Definition
What is Business Day?
A day on which relevant financial institutions and markets are open for normal processing.
Example in practice
How This Looks in Practice
A redemption submitted late on Friday may begin processing on the next applicable business day.
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Related Terms
Miscellaneous
Dealing Day
A scheduled day on which a fund accepts and prices valid subscriptions or redemptions.
MiscellaneousStock Exchange
A marketplace where shares, ETFs, REITs, bonds, and other securities may trade.
MiscellaneousCentral Securities Depository
An institution that records securities ownership and supports clearing and settlement.
Investment FundamentalsPrincipal
The original amount of money invested or lent, excluding later returns.