good delivery

Good Delivery

The status of a security traded on an exchange when it meets a set of requirements for being in proper form for transfer of title to the buyer.

Notes:

This term, when applied to a security, represents the security certificate's readiness to be transferred to the purchaser "on good delivery". If this readiness is not achieved, the transaction cannot be settled. For example, if a certificate has a share transfer restriction on it, the certificate would not be deemed good delivery.

See also: Delivery, Exchange, Settlement Date, Settlement Price, Stock Certificate

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Good delivery

A delivery in which everything - order-endorsement, any necessary attached legal papers.

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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.