Free delivery

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 classic literature ?
I am going into town, Lord Tennington,' he said, as seriously as possible, `to complain to the postmaster about the rural free delivery service we are suffering from here.
And would you believe it, Miss Strong," continued Tennington, "I had the very deuce of a job to convince the old fellow that there was not only no rural free delivery, but no town, and that he was not even on the same continent as Washington, nor in the same hemisphere.
Along with offering an online delivery service, Carrabbas is now offering free delivery with the use of a promo code.
Readers are offered free delivery - use code SM278 before 2 September at alisonathome.
FAISALABAD -- Health Department has launched free delivery ambulance service for pregnant women in rural areas of the district.
Announcement of competition: Subsidy for free delivery of invented marine waste in ports.
Ooredoo and Carriage also offered free delivery on all orders that used the code MOTHERSDAY on the payment page of the app.
As you hunt for the ideal gifts to stack under the tree, you might not qualify for Amazon's free delivery if it's under PS20.
In addition to this special discount, The Rental Shop also offers free delivery year-round on all its products -- another way the store sets itself apart from competitors.
West Virginia, was the beginning of Rural Free Delivery, opening the door to universal service for every American citizen.
EVANS ALMIGHTY Evans have up to 50 per cent off in their sale and they are offering exclusive free delivery on orders of more than PS40.
BOSTON--Consumers are much more interested in free delivery and low prices than in same-day delivery of goods ordered online, according to a survey from the Boston Consulting Group (BCG).