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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.


Movement of an improvement because of movement in the soil supporting the improvement.It could be caused by compaction of the soil,erosion of pockets due to underground streams or springs,or the aftereffects of frost heave pushing frozen ground upward and then settling back.

References in periodicals archive ?
dollar is illustrated by the predominance of CHIPS payments that are related to settling the U.
Reports from the ISO Claims Outcome Advisor can show the effect of a claims initiative--such as settling all whiplash claims within 30 days--in a very short time frame.