Takes delivery financial definition of takes delivery
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1. The transfer of a security to an investor's broker in order to satisfy an executed sell order. Delivery is required by the settlement date.
2. The transfer of a specified commodity in order to meet the requirements of a commodity contract that has been sold.
The transfer of possession from one person to another.Deeds and leases require delivery before they are effective. Delivery does not depend on manual transfer, but does depend on the intent of the parties. Deeds are delivered when placed within the possession or control of the grantee in such a manner that the grantor cannot regain possession or control.
References in periodicals archive
M2 EQUITYBITES-December 22, 2016-United takes delivery
of newest Boeing 777
International Resource News-February 15, 2012--The Great Eastern Shipping Company takes delivery
of crude carrier from Hyundai Heavy Industries(C)1994-2012 ENPublishing - http://www.
NORDIC BUSINESS REPORT-2 July 2003-Brostrom AB takes delivery
of new product tanker(C)1994-2003 M2 COMMUNICATIONS LTD http://www.
Please KILL BW1329, (FL-AIRTRAN) ADVISORY/AirTran Takes Delivery
of New Boeing 717-200 Aircraft, which ran on Business Wire at 12:59 p.