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Delayed Settlement |
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Delayed Settlement A situation in which a buyer or, more commonly, his/her broker, does not receive delivery of the securities he/she bought by the settlement date. A delayed settlement may or may not be by mutual consent of the counterparties to the transaction. A seller may deliberately arrange a delayed settlement so the securities remain on his/her records until a certain event, such as the ex-dividend date, has passed. See also Fail to deliver, Aged fail. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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mPay provides a POS terminal that allows providers to submit a claim for real time settlement whenever possible, and for a delayed settlement when necessary. Specialized FHA appraisals often required a laundry list of repairs that had to be made before settlement, that often delayed settlement, killed the transaction, or prompted Realtors(R) and lenders to direct homebuyers elsewhere for a mortgage. The bonds were sold shortly thereafter with delayed settlement scheduled for Feb. |
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