|Good delivery and settlement procedures|
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Definition of Good delivery and settlement procedures
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
An international bank headquartered in Basel, Switzerland, which
The provision of some futures contracts that requires not delivery of underlying assets but
Futures contracts, such as stock index futures, that settle for cash, not involving
the total cost of the
The cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw
See cost of sales.
The cost of the items that were sold during the current period.
The accumulated total of all costs used to create a product or service,
The charge to expense of the direct materials, direct labor, and
The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
The written notice given by the seller of his intention to make delivery against an open, short
The options available to the seller of an interest rate futures contract, including the quality
Those points designated by futures exchanges at which the financial instrument or
A company’s stated goal for how soon a customer order will be
The price fixed by the Clearing house at which deliveries on futures are in invoiced; also the
Delivery versus payment
A transaction in which the buyer's payment for securities is due at the time of
Finished goods inventory
goods that have been completed by the manufacturing
Finished goods inventory
Completed inventory items ready for shipment to
A transaction in which the settlement will occur on a specified date in the future at a price
A delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in
Good 'til canceled
Sometimes simply called "GTC", it means an order to buy or sell stock that is good until
Whatever measure of the money supply is chosen for application of the monetarist rule will soon begin to misbehave.
Excess of the purchase price over the fair market value of the net assets acquired under purchase
The excess of the price paid to buy another company over the book value of
Intangible assets of a firm established by the excess of the price paid for the going concern over the value of its assets.
delivery and settlement of securities within five business days.
A good used in producing another good.
Refers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract.
A term used to describe a situation in which a business combination
Official Settlements Account
An account within the balance of payments accounts showing the change in a country's official foreign exchange reserves. It is used to measure a balance of payments deficit or surplus.
Open (good-til-cancelled) order
An individual investor can place an order to buy or sell a security. That
Overnight delivery risk
A risk brought about because differences in time zones between settlement centers
A delivery of stock to a location in or near the shop floor
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
Regular way settlement
In the money and bond markets, the regular basis on which some security trades are
Regulatory accounting procedures
Accounting principals required by the FHLB that allow S&Ls to elect
When payment is made for a trade.
The date on which payment is made to settle a trade. For stocks traded on US exchanges,
The date when money first changes hands; i.e., when a buyer
A figure determined by the closing range which is used to calculate gains and losses in
The rate suggested in Financial Accounting Standard Board (FASB) 87 for discounting the
The trade is settled one business day beyond what is normal.
The practice of ordering large quantities on a single purchase order,
An agreement in settlement of a lawsuit involving specific payments made over a
Historically, damages paid out during settlement of personal physical injury cases were distributed in the form of a lump-sum cash payment to the plaintiff. This windfall was intended to provide for a lifetime of medical and income needs. The claimant or his/her family was then forced into the position of becoming the manager of a large sum of money.
an item that can replace another item to satisfy the same wants or needs
Refers to the buyer's actually assuming possession from the seller of the asset agreed upon
A dictionary meaning for the word viatica is "the eucharist as given to a dying person or to one in danger of death". In the context of Viatical settlement it means the selling of one's own life insurance policy to another in exchange for an immediate percentage of the death benefit. The person or in many cases, group of persons buying the rights to the policy have high expectation of the imminent death of the previous owner. The sooner the death of the previous owner, the higher the profit. Consumer knowledge about this subject is poor and little is known about the entities that fund the companies that purchase policies. People should be very careful when considering the sale of their policy, and they should remember a sale of their life insurance means some group of strangers now owns a contract on their life. If a senior finds it difficult to pay for an insurance policy it might be a better choice to request that current beneficiaries take over the burden of paying the premium. The practice selling personal life insurance policies common in the United States and is spilling over into Canada. It would appear to have a definite conflict with Canada's historical view of 'insurable interest'.
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