settle

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Settlement

The process in which a buyer makes payment and receives the agreed-upon good or service. This term is used on exchanges to indicate when a security actually changes hands, which often occurs several days after a trade is made. See also: Clearance.

settle

To complete a securities transaction.
References in periodicals archive ?
Nick Robinson was riding his Triumph Tiger motorcycle when he was involved in a collision with a Toyota Rav4 near Settle, North Yorkshire, driven by a 62-year-old woman in August last year.
A TRUSTING shopkeeper at Settle, North Yorkshire took pounds 187 after he left his hardware store open on Boxing Day and set up an honesty box.
15pm to close up, he was delighted to find the Practically Everything shop in Settle, North Yorkshire, had taken pounds 187.
15pm to close up his DIY store in Settle, North Yorkshire, he discovered he had taken in EUR195 and nothing had been stolen.
Mr Webster, 57, of Settle, North Yorkshire, said, "It was my granddaughter Caroline's second birthday so we were going to go to the zoo.