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TERM OF THE DAY

Delivery versus payment (DVP) is a securities industry settlement method that guarantees the transfer of securities only happens after payment has been made. DVP stipulates that the buyer's cash payment for securities must be made prior to or at the same time as the delivery of the security.

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Receive versus payment (RVP) is a settlement method for investment securities in which the buyer's payment must be made before the securities are delivered. Read more

Bank Wire: What it is, How it Works, Security Considerations

A bank wire is an electronic message system, which allows major banks to communicate various actions or occurrences regarding client accounts. Read more

Cash on Delivery vs. Delivery-Verses-Payment

Cash on delivery is a payment made when a good or service is received. Delivery versus payment is a payment for securities before or during delivery. Read more

Negotiable: Definition for Goods, Contracts, Securities

Negotiable refers to the price of a good or security that is not firmly established or whose ownership is easily transferable from one party to another. Read more

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