prompt date

Definition of "prompt date"
  1. The date set for the purchase or sale of the commodity or futures contract in question, if the option is exercised
How to use "prompt date" in a sentence
  1. The trader recorded the prompt date on his schedule, prepared to buy the commodity if necessary.
  2. The futures contract stated the prompt date, giving an exact timeline for the transaction.
  3. The option was exercised, with the exchange executed on the designated prompt date.

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