Nature of Settlement
Settlement involves the delivery of securities from one party to another. Delivery usually takes place against payment, but some deliveries are made without a corresponding payment (sometimes referred to as a free delivery). Examples of a delivery without payment are the delivery of securities collateral against a loan of securities, and a delivery made pursuant to a margin call.
Read more about this topic: Settlement (finance)
Famous quotes containing the words nature of, nature and/or settlement:
“Religion. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable.”
—Ambrose Bierce (1842–1914)
“Two well-assorted travellers use
The highway, Eros and the muse.
From the twins is nothing hidden,
To the pair is naught forbidden;
Hand in hand the comrades go
Every nook of nature through:
Each for the other they were born,
Each can other best adorn.”
—Ralph Waldo Emerson (1803–1882)
“[The Settlement House] must be grounded in a philosophy whose foundation is on the solidarity of the human race, a philosophy which will not waver when the race happens to be represented by a drunken woman or an idiot boy.”
—Jane Addams (1860–1935)