As another example, a business asset purchase agreement might specify a delivery deadline or asset inspection period in business days. If you're a party to a contract, it's critical to interpret those deadlines correctly.
Stock trades
Stocks trade and settle on business days. If you decide on the Saturday before Memorial Day that you need to own Apple, guess what? You can't get it done immediately. You could place the order with your brokerage on Saturday, of course. You'd specify that you want it executed "on the open" or within a certain time frame. Still, the trade won't happen until at least Tuesday.
Once your order is processed, you'll wait two business days for the stock to transfer into your account.
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