Worked deadline
A deposit arrives on Friday.
Assume the brokerage will hold the funds and there are no legal holidays.
- FridayReceipt day. Both clocks start from this receipt.
- Monday · Day 1The associate must deliver the deposit to the broker by day's end.
- Tuesday · Day 2The broker's deposit clock continues.
- Wednesday · Day 3The broker must place the deposit in escrow by day's end.
What if Monday is a legal holiday?
Skip Monday. Tuesday becomes day one, so the associate's deadline moves to Tuesday and the broker's deadline to Thursday. Handoff on Tuesday does not give the broker three more days.

