Free delivery

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Free delivery

Securities industry procedure whereby delivery of securities sold is made to the buying customer's bank without requiring immediate payment; thus a credit agreement of sorts. Antithesis of delivery vs. payment.

Free Delivery

An agreement between a buyer and a seller of a security in which the seller makes delivery on the security even if full payment has not been made. This obviously exposes the seller to the risk that the buyer will not pay.
References in periodicals archive ?
We truly offer free deliveries, which sets us apart from the majority of our competition," Vickers says.
It also said its current offers of free deliveries, now covering orders for as little as 30 [pounds sterling], could be passed on to online shoppers' friends and family
With its emphasis on quality grocery products at competitive prices, HomeRuns offers free deliveries for all online orders over $60 and requires no membership or monthly fees.