delivery day

Delivery Date

The date on which the underlying asset of a futures contract or forward contract is delivered to the contract holder. A contract holder may offset the contract by taking an opposite position before it matures, but any investor holding such a contract on the expiration date must take delivery on the delivery date. See also: Notice day.

delivery day

In futures trading, the day on which delivery of the asset is to be made according to the quantity, quality, and location specified in the contract.