Business, Legal & Accounting Glossary
A trading date in a forward or money market contract that is outside the standard maturity date. Standard periods are one week, two weeks, one month, six months etc. For example, a normal 3-month contract would be from June 15 to August 15. Maturity on August 10 would be considered a broken date. Also known as odd date.
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This glossary post was last updated: 20th November, 2021 | 0 Views.