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 ?
However, a source in the City Attorney's Office noted that the council could have settled for $2 million less last year and rejected that recommendation by the city's attorneys.
5% of referenced assets as credit impaired with an additional 2% settled for a loss, compared with 29% credit impaired and no settled securities on Sept.