Free delivery(redirected from Free Deliveries)
Securities industry procedure whereby delivery of securities sold is made to the buying customer's bank without requiring immediate payment; thus a credit agreement of sorts. Antithesis of delivery vs. payment.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An agreement between a buyer and a seller of a security in which the seller makes delivery on the security even if full payment has not been made. This obviously exposes the seller to the risk that the buyer will not pay.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved