settle

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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.

settle

To complete a securities transaction.
References in periodicals archive ?
Where the excess insurer is required to cover excess liability due to the primary insurer's breach of the duty to settle in good faith, policy rating structures are rendered uncertain, and coverage is made more expensive, the court said.