SETTLEMENT

Settlement

Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against payment of money, to fulfill contractual obligations, such as those arising under securities trades.

The above text is a snippet from Wikipedia: Settlement (finance)
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settlement

Noun

  1. The state of being settled.
  2. A colony that is newly established; a place or region newly settled.
  3. A community of people living together, such as a hamlet, village, town, or city.
  4. The gradual sinking of a building. Fractures or dislocations caused by settlement.
  5. The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
  6. A disposition of property, or the act of granting it.
  7. A settled place of abode; residence; a right growing out of legal residence.
  8. A resolution of a dispute.


The above text is a snippet from Wiktionary: settlement
and as such is available under the Creative Commons Attribution/Share-Alike License.

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