early settlement

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Early Settlement

The practice of settling a trade before the usual settlement date. This is fairly unusual; most contracts are settled between one and three days later. Generally speaking, early settlement is common in the last week of the calendar year when many trades must be settled sooner to guarantee tax advantages for one or both parties. Likewise, one may desire early settlement for other reasons, such as to receive a dividend on a certain date. See also: Cash contract.

early settlement

The transfer of a security or cash on a date prior to the usual settlement date. A buyer of stock may prefer an early settlement in order to be listed on a firm's books on the record date for a dividend. The buyer of a municipal bond may desire an early settlement in order to begin earning tax-free interest on an earlier date.
References in classic literature ?
There is an admirable foundation for a philosophic romance in the curious history of the early settlement of Mount Wollaston, or Merry Mount.
The net effect of the early settlements is to accelerate cash receipts, while maintaining the Company's full hedge position against further declines in oil and natural gas prices during the year.
To learn more about other early settlements, study this chronology (list of important dates), then answer the questions below.
Readers may have little background knowledge of this woman and the times in which she lived, but the careful description of the Creek culture and the accounts of the difficulties of the early settlements provide a wealth of information about the life of a remarkable woman and the beginning of a new nation.
There now are several experiments under way--the Veterans Administration, University of Michigan, COPIC in Colorado--where full disclosure and small early settlements have resulted in dramatic reductions in suits and in payouts.
Though most of the antique bottles are found in the East, where settlements were more numerous in the 1800s, Szabados has had luck finding treasures near early settlements in Ventura County, Bakersfield and Santa Barbara.
Litton's servicing strength is demonstrated by its high cure rate on loans that are seriously delinquent and by the company's many early settlements with the remaining delinquent borrowers," said Diane S.

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