What does T mean in stock operations?

In stock operations in finance, "T" typically refers to the settlement date for a stock transaction. This is the date when the buyer must pay for the shares they have purchased and the seller must deliver the shares they have sold. The settlement date, or "T", is usually two business days after the trade date, or "T+2". This means that if a trade is executed on Monday (T), the settlement date will be Wednesday (T+2). The T+2 settlement cycle is the standard for most stock transactions in the United States, but it can vary in other countries. The T+2 settlement cycle helps to ensure that the transaction is properly settled and the shares are transferred to the buyer's account and the payment is transferred to the seller's account in a timely manner.