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:
“We all end up living secret lives. We create what we are willing to admire and admiring what we shouldn’t confess to the secret of our own sin, our own insufficiency, our own sadness. We all end up taking our secrets into the world and handing them over to strangers, only to realize it’s often too late to claim them back. The very nature of time passing is sad beyond words. Memories mean they’re gone.”
—Alexander Theroux (b. 1940)
“What generous beliefs console
The brave whom Fate denies the goal!
If others reach it, is content:
To Heaven’s high will his will is bent.
Firm on his heart relied,
What lot soe’er betide,
Work of his hand
He nor repents nor grieves,
Pleads for itself the fact,
As unrepenting Nature leaves
Her every act.”
—Ralph Waldo Emerson (1803–1882)
“I always consider the settlement of America with reverence and wonder, as the opening of a grand scene and design in providence, for the illumination of the ignorant and the emancipation of the slavish part of mankind all over the earth.”
—John Adams (1735–1826)