Final settlement: Difference between revisions
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imported>Doug Williamson m (Added a more general definition see http://www.financial-elearning.co.uk/D2002/terms/defs/fdefs.htm) |
imported>Doug Williamson (Add link.) |
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1. ''Law.'' | 1. | ||
''Law.'' | |||
A settlement which is irrevocable and unconditional. | A settlement which is irrevocable and unconditional. | ||
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* [[Receiver finality]] | * [[Receiver finality]] | ||
* [[Sender finality]] | * [[Sender finality]] | ||
* [[Settlement]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Latest revision as of 22:08, 7 July 2022
1.
Law.
A settlement which is irrevocable and unconditional.
Also known as settlement finality.
2.
Completion of a transaction when all components of the trade have been delivered.
