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:
“The things women find rewarding about work are, by and large ,the same things that men find rewarding and include both the inherent nature of the work and the social relationships.”
—Grace Baruch (20th century)
“It sometimes strikes me that the whole of science is a piece of impudence; that nature can afford to ignore our impertinent interference. If our monkey mischief should ever reach the point of blowing up the earth by decomposing an atom, and even annihilated the sun himself, I cannot really suppose that the universe would turn a hair.”
—Aleister Crowley (1875–1947)
“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
—Jane Addams (1860–1935)