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Good Delivery

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Good delivery
A delivery in which everything - order-endorsement, any necessary attached legal papers.
good delivery
Delivery of a security that meets all the standards required to transfer title to the buyer. Thus, a certificate must be delivered on time with proper denomination, endorsements, and endorsement guarantee. Compare bad delivery.
Good Delivery
Standardized practices regarding how and when trades are settled and underlying goods are delivered. Among other things, good delivery indicates when a seller may notify a buyer of intent to deliver, and at what point payment must be made. It also states what forms must be completed before delivery can be made. The PSA Uniform Practices set good delivery and settlement procedures.


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