Final settlement: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson m (Added a more general definition see http://www.financial-elearning.co.uk/D2002/terms/defs/fdefs.htm) |
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''Law.'' | 1. ''Law.'' | ||
A settlement which is irrevocable and unconditional. | A settlement which is irrevocable and unconditional. | ||
Also known as settlement finality. | Also known as settlement finality. | ||
2. | |||
Completion of a transaction when all components of the trade have been delivered. | |||
== See also == | == See also == | ||
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* [[Sender finality]] | * [[Sender finality]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 09:19, 25 January 2014
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.
