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.
References in classic literature ?
Along her coasts the towns and villages were not even shelled.
On the other side was the flat, winding coast, composed alternately of yellow sand and bright-green meadow-lands; diversified at intervals by towns and villages, whose red-tiled roofs and quaint church-steeples rose gayly against the clear blue sky.
If the Bourbons want to reign in peace, let them seek creditors in the towns and villages, and place their loans there; above all, they ought not to let foreigners draw interest away from France; some day an alien nation might ask us for the capital.