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:
“Democracies are notorious for a tendency to obey the feelings rather than the mind; thus the nature of democracies often makes it difficult to conclude a peace after a hard-won war. Generous victors are rare.”
—Amos Elon (b. 1926)
“This queen will live. Nature awakes,
A warmth breathes out of her. She hath not been
Entranced above five hours. See how she ‘gins
To blow into life’s flower again.”
—William Shakespeare (1564–1616)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)