Free delivery

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Free delivery

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.

Free Delivery

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.
References in periodicals archive ?
Customers can order their meal by going to the restaurants website and use the promotional code DELIVERY4 for free deliveries for online orders only.
Carrabbas starts delivery service
We truly offer free deliveries, which sets us apart from the majority of our competition," Vickers says.
The Rental Shop Announces Exclusive April Discount to Its Customers
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