Just relates to 2 trading days to settle transaction after selling i.e. to get your money, but most trading accounts still let you buy and sell just not let you cash out to a bank account until 2 days are settled.
You can sometimes see unusual trading a few days before a public holiday etc as people want their cash out and settled to spend.
Investopedia is a good source for trading terms.
What Do T+1, T+2, & T+3 Mean? (Settlement Process) (investopedia.com)
Ann: Trading Halt, page-24
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