settlement

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Settlement

When payment is made for a trade.

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.

settlement

The transfer of the security (for the seller) or cash (for the buyer) in order to complete a security transaction. See also delayed settlement, early settlement.

settlement

See closing. See also Real Estate Settlement Procedures Act.