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 Glossary   >   D   >   "Delivery versus payment" Definition   

        Delivery versus payment

A transaction in which the buyers payment for securities is due at the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account.

Delivery versus payment
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Delivery versus payment - A transaction in which the buyers payment for securities is due at the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account.


Delivery versus payment : a transaction in which the buyers payment for securities is due at the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. the payment may be made by bank wire, check, or direct credit to an account.