Glossary Term: SETTLEMENT
Definition(s) for SETTLEMENT:
1. ) The conclusion of a transaction in which parties pay for securities purchased and take delivery of securities sold.
2. ) another name for closing .
3. ) The process by which the underlying stock is transferred from one brokerage account to another when equity option contracts are exercised by their owners and the inherent obligations assigned to option writers.
4. ) The process of transferring stock from seller to buyer and arranging the corresponding movement of money between the two parties.
5. ) The final point in the trade process where after the trades are executed, securities and monies are delivered and exchanged by settlement date.
|
See Also: NEXT-DAY SETTLEMENT, REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA), REGULAR WAY SETTLEMENT, SETTLEMENT DATE, SETTLEMENT RISK, CASH SALE-SETTLEMENT, CASH SETTLEMENT CONTRACTS, DELAYED SETTLEMENT OR DELIVERY, IMMEDIATE SETTLEMENT, INSURANCE SETTLEMENT, NEXT DAY SETTLEMENT, REGULAR SETTLEMENT, SAME-DAY FUNDS SETTLEMENT (SDFS), SETTLEMENT PRICE, CASH SETTLEMENT, SETTLEMENT PRICE, CONTINUOUS NET SETTLEMENT (CNS), EXERCISE SETTLEMENT AMOUNT
|
| |